571 North Emerson Street, Denver, Colorado
571 North Emerson Street, Denver, Colorado 80218 - Property is also offered as a Single Family Residence (SFR) with a mother in law apartment in the basement. See MLS# 1897196 Property is vacant, but very easy to rent in this market. Actual income and expenses are from 2016 tax return. $2850/month and $1150/month are the rents form the most recent annual leases. This gives a gross annual income of $48k. Proforma rent of $3000/month and $1200/month, yielding $50,400 gross annual income. Proforma cap rate of 5.2%. Tenants pay Excel directly for gas and electricity. Owner bills tenants for water.
Listing Courtesy of Here is Home