813 N University Street Seminole, OK 74868

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Investors look: 8 rental units. 4 units are 2 bed and 4 units are 1 bedroom. ( if at full capacity) Rent Potential at 100% occupancy is $53, 900. Rent at 80% occupancy is $42, 900. Estimated annual expenses. Property tax $1, 000: Property Insurance $4, 300: Utilities $7, 500 : Repairs and Misc $7, 000 for a total of $19, 800. Net Income after expense is $23, 100. 10% cap Rate value indicates value of $231, 000. Market value based on comp value is quite different(Less). Borrowing Scenario. $150, 000 loan 15 years @ 8% would have a monthly payment of $1, 435 a month or $17, 220 annually versus net income of $23, 100 which provides an attractive debt coverage ratio. **This info is an estimation of taxes, insurance, rent & occupancy rates. EASY TO SHOW