8 Unit, Concrete Block, Professionally Managed Apartment Building on Huge Lot w/ Additional Developmental Upside or Value-Add by Selling Extra Land. Renew rents at increase to boost cap rate from a 6.5% at takeover to 7.08% first year. Cost Analysis Performed as Rental Property In: Rent - $89,952.00 Out: (Annual) Property Taxes - $11,227.00 (Annual) Estimated Insurance - $7,080.00 (Annual) Property Management (Optional) - $7,196.16 (Annual) Estimated Utilities/Lawn/Repair/Misc. - $4,544.28 Total Costs - $30,047.44 Net: $59,904.56 Earn: Total yearly net equates to - $59,904.56 Total monthly gross equates to - $7,496.00 TOTAL MONTHLY NET EQUATES TO - $4,992.05