Description
2 Story Duplex (2) 792 SF 2BR1BA. Proper turn renovations on each unit provide rent projections at $750 to $800/month. Estimated renovation costs $20K and $10K in mechanicals and exterior work for both units. Taking Gross Rent Multiplier (GRM) into consideration: $65,000 (purchase price) + $30,000 (improvements) would be $95,000. In a hot market, $800/month both sides would be $19,200 per year. GRM: 20.21%. In a down market, projected rents could be considered as low as $600/month both sides or $14,400 per year. At $95,000 investment, GRM: 15.15%. A solid range for a GRM is 9.0 and 11.0%. In other words, the annual gross rent is 9.0 to 11.0% of the total investment. A blended GRM range of 15.0 to 20.0% for a strong market and down market is considered very good. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE.
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0BEDS
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Up to 1/4 AcreACRES
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0BATHS
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01/2 BATHS
School Information
Description
2 Story Duplex (2) 792 SF 2BR1BA. Proper turn renovations on each unit provide rent projections at $750 to $800/month. Estimated renovation costs $20K and $10K in mechanicals and exterior work for both units. Taking Gross Rent Multiplier (GRM) into consideration: $65,000 (purchase price) + $30,000 (improvements) would be $95,000. In a hot market, $800/month both sides would be $19,200 per year. GRM: 20.21%. In a down market, projected rents could be considered as low as $600/month both sides or $14,400 per year. At $95,000 investment, GRM: 15.15%. A solid range for a GRM is 9.0 and 11.0%. In other words, the annual gross rent is 9.0 to 11.0% of the total investment. A blended GRM range of 15.0 to 20.0% for a strong market and down market is considered very good. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE.
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