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109 Runnels St
Big Spring, TX 79720
Asking Price
$499K
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
109 Runnels St, Big Spring, TX 79720 <ul><li>5 Separate Gas Meters</li><li>Shared Water + Gas</li><li>Large Tankless Water Heater</li><li>TPO Roof - Approx. 5 Years Old</li><li>Security System Installed</li><li>Furnished Sale (Excluding Tenants Personal items)</li><li>Each Unit: 2bed/2bath</li><li>Current Rent: $1,950 Per Unit/Month</li><li>Gross Monthly Income: $5,850</li><li>Gross Monthly Income: $70,200</li><li>Lease Terms: 4 Year Leases With 3% Annual Increases</li></ul>
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NOI
$80,000
Cap Rate
16.03%
DSCR
2.70
Strong
Cash-on-Cash
33.65%
Monthly Payment
$2,468.78
Annual Cash Flow
$50,374.643