3815 Restwood Financials
Unit |
Beds |
Baths |
Current |
Expiration |
Market |
| 1 | 2 | 1 | $1,095 | 8/31/22 | $1,305 - $1,350 |
| 2 | 2 | 1 | $1,050 | 6/30/22 |
$1,305 - $1,350 |
| 3 | 2 | 1 | $1,095 | 6/30/22 | $1,305 - $1,350 |
| 4 | 2 | 1 | $925 | Month To Month | $1,305 - $1,350 |
| Total | 8 | 4 | $4,165 | $5,220 - $5,400 |
Laundry machines provide approximately $50-$73 per month of additional revenue. Machines are leased and maintained by BDS Laundry
Expenses |
Annually |
Monthly |
Notes |
| Property Taxes | $9,038 | $753 |
Based on 2021 assessed value of $517,200 2022 assessed value: $552,600 |
| Rental License | $220 | $18 | Application & inspection fee of $440 every two years |
| Insurance | $3,485 | $290 | |
| Utilities: Gas | $1,251 | $104 |
1 meter - Owner pays for boiler heat |
| Utilities: Electricity | $597 | $50 |
5 meters - owner pays for common area. Tenants pay for their own lights, electric water heaters & cooking stove |
| Utilities: Water | $1,619 | $135 | City water / sewer |
| Utilities: Trash | $4,325 | $360 | Waste Management - 2021 was abnormally high due to illegal dumping |
| Snow Removal | $480 | $40 | Kelly Shea Snow Services - $80 / time |
| Lawn Care | $1,580 | $132 | Private party - typically mows 2 times per month $100 / time
|
| Laundry Rental | $1,282 | $107 | BDS Laundry - contract expires 8/24/22 - 90 day notice required |
| Water Softener | $321 | $27 | Aquarius Home Services - Kinetico 2060 - Rented |
| Caretaker | $300 | $25 | Unit 4 provides common area cleaning for rent discount |
| Property Management | $3,373 | $281 | 3rd party management |
| Leasing | $1,100 | $92 | 3rd party management |
| Maintenance / Turnover | $5,500 | $458 |
Actual expenses will vary based on management style and property needs. Seller's 2021 expenses were abnormally higher than stated for a variety of reasons. |
| Total | $34,471 | $2,873 |
Information is deemed reliable but not guaranteed. Buyer and Buyer's agent to verify all details.
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