Thursday, April 17, 2014

Duplex Opportunity in Orleans

Duplex property available in Orleans on a huge lot, with fruit trees in the backyard.  Fully rented. 

Price - $382,000
Rents - $2550 ($1500 and $1050)
Expenses - $8911 (approx.)
Net Operating Income - $21,689

Cap rate – 5.7%

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