4042 Nebraska Avenue This beautiful, refurbished 4-unit brick apartment building is a landlord's CASH COW!!! CAP RATE 13.55%!!! CAP RATE = NOI / ASKING PRICE X 100 DO THE MATH!!!! (see below). Featuring two massive 6-bedroom 2-bath units and two spacious 2-bedroom 1-bath units. Enjoy fantastic cash flow with an estimated gross monthly income of $6, 600 ($2, 100 month for the 6-bed units; $1, 200 month for the 2-bed units). Updated kitchens and baths. Newer windows, fresh paint and refinished floors. All occupancy permits have been passed , add the kitchen appliances, and this high-yield multiplex is rental-ready. At an asking price of $450, 000, this property represents an exceptionally strong financial opportunity with a projected Capitalization Rate (Cap Rate) of 13.55%!!! Gross Annual Income: $79, 200 -5% Vacancy Allowance: $3, 960 Effective Gross Income (EGI): $75, 240 Estimated Operating Expenses $784 Taxes Estimated Property Insurance $2, 500 Maintenance & Reserves (5% of Gross) $3, 960 Property Management (8% of Gross) $6, 019 Admin/Misc Exp $1, 000 Total Estimated Operating Expenses = $14, 263 $75, 240 - $14, 263 = $60, 977 (Net Operating Income)