Binghamton, New York
$ 139,000

Investors!!

Are you looking for a cash cow?

***** Purchase price only 3.32 times the rent roll *****
***** NOI of $28,860 *****
***** Cap Rate 20.76% *****

--------- With only a $139K investment --------------

Compare these numbers with what you find in the NYC metro area!

Property information follows:

10 Unit frame house in good area and very good condition

Monthly Rent Roll: 3,480 (Yearly: 41,760)
-----------------------
4 - Efficiencies @295 = 1180
4 - 1 bedrooms @350 = 1400
2 - 3 bedrooms @450 = 900

Expenses - Yearly - 12,900 (Monthly:1075)
--------
Taxes - 3900/yr
Insurance - 1300/yr
Water/Sewer - 1200/yr
Gas - 6500/yr

Tenants pay electricity

Monthly: income of 3480 - expenses of 1075 = 2405 net income

2405 * 12 = $28,860 NOI

Cap Rate = 20.76% !!!!

All apartments currently occupied with maximum 1 year leases.

Binghamton is a thriving metropolis only 3 1/2 hrs. from NYC.

Property Management services available for absentee investors.

Principals only - No Brokers or Agents Please.

Cash sale.

Contact owner @ 917 971-8153