Income Sale of real estate $67,900
Seller paid closing costs $3,000
Total Income $64,900
Expenses Acquisition costs
Purchase price $40,500
Settlement charges $202.50
Total acquisition costs $40,702.50
Operating costs
Repairs & maintenance $11,820.11
Taxes $726.91
Utilities $156.44
Insurance $0
Total operating costs $12,703.46
Administration
Accounting $0
Advertising $0
Misc. $0
Total administration costs $0
Sales costs
Realtor commission (6%) $4074.00
Commission Connie (2%) $1298.00
Transfer tax $271.60
Deed preparation $65.00
Total sales costs $5,708.60
Total Expenses $59,114.56
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