Fantastic cash flow Current Gross: $21,474/mo. $257,688/yr. Current NOI: $213,558 Current Cap Rate: 14.48% - Proforma 1 Gross: $28,424/mo. $341,088/yr. Proforma 1 NOI: $296,958 Proforma 1 Cap Rate: 20.13% - Proforma 2 Gross: $62,700/mo. $752,400/yr. Proforma 2 NOI: $708,270 Proforma 2 Cap Rate: 48.02% - Value add 1: Once the current renovations are done, it will add an additional $7k+ of cash flow - Value add 2: Two of the homes are rented by the bed at $500 - $550 per person (two people per room). Owner can utilize this strategy for all homes to more than double the monthly income ($62,700/mo.) - Combination of Section 8 and private pay Tenants pay all utilities and lawn care Owner only responsible for taxes and insurance Network of contractors and management in place - Financing available