Income Sale of real estate $118,000
Seller paid closing costs $3,000
Total Income $115,000
Expenses Acquisition costs
Purchase price $76,668
Settlement charges $344.49
Total acquisition costs $77,012.49
Operating costs
Repairs & maintenance $7,933.00
Property taxes $1,093.28
Hold back for final exp. $461.23
Total operating costs $9,487.51
Administration
Accounting $0
Advertising $0
Misc. $0
Total administration costs $0
Sales costs
Selling commission $3000.00
Closing Costs $692.50
Total sales costs $3,692.50
Total Expenses $90,192.50
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