Monthly Yearly
Potential Gross Income $11,900   Potential Gross Income $142,800  
Vacancy $595   Vacancy $7,140  
Effective Gross Income $11,305 100.0% Effective Gross Income $135,660 100.0%
           
Association Dues $3,500   Association Dues $42,000  
Management $904   Management $10,853  
Real Estate Tax $117   Real Estate Tax $1,400  
Total Operating Expense $4,521 40.0% Total Operating Expense $54,253 40.0%
           
Net Operating Income $6,784 60.0% Net Operating Income $81,407 60.0%
           
Cap Rate   5.8% Cap Rate   5.8%