Property purchase price: $82,145.00
Closing legal & associated costs: $2,000
Annual building insurance: $850.00
Total additional costs: $2,850.00
Annual running expenses
Building insurance: $850.00
Property tax: $1,150.00
Management fee: $720.00
Rental income per annum: $10,200.00
Gross yield: 13%
Net yield: 9%