813 N University Street, Seminole, OK 74868

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