A 10-unit apartment building rents each unit for $1,625, generating $16,500 monthly. After $9,000 in operating costs, the owner nets $7,500 a month or $90,000 yearly. The property holds about $1.5 million in equity.
Here's how much this 10-unit apartment building make me every single year. So this 10-unit apartment building right here, I rent out each of the units for roughly about $1,625 a month times 10, that's $16,500 a month. Now the mortgage, the property tax, the insurance, the property manager, every single month it's about $9,000 a month. So the total mortgage, property tax, insurance, it's about $9,000 a month, and the total rent is $16,500. So I mean, I make a total of $7,500 a month in positive cash flow. I have a total of $90,000 a year in positive cash flow, and I got $1.5 million equity off this one property.
That's awesome. The strategy structure on this 10-unit, this is a gold mine. This is a really good deal. So he's got $1.5 million in equity. So when he goes to exit, he's going to get about another $1.5, $1.3 after listings and carrying costs, all that. But he's also got a positive cash flow of almost $100,000 a year on a 10-unit. Great property, great project. Love it. Do them all day long.
