Income Sale of real estate $79,900
Seller paid closing costs $3,500
Total Income $76,400
Expenses Acquisition costs
Purchase price $46,000
Buyer premium $2,300
Settlement charges $944.70
Total acquisition costs $49,244.70
Operating costs
Repairs & maintenance $12,777.81
Property taxes $989.77
Utilities $380.19
Insurance $72.76
Total operating costs $14,220.53
Administration
Accounting $0
Advertising $0
Misc. $0
Total administration costs $0
Sales costs
Realtor commission (5%) $3995
Commission Connie (2%) $1598
Transfer tax $320.50
Home warranty $499
Deed preparation $80
Total sales costs $6,492.50
Total Expenses $69,957.73
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