Owners spent over $100,000 on improvements and remodeling over the past 3 years. Tenants pay all utilities The property is fully occupied & it is a turnkey operation Sewer lateral certificate on hand Termite report is estimated at $3500 Potential rental income according to Zumper in the Jefferson Area is $100,140 If you are looking for $80,700 rental income a year on your investment property, then The Carrington property absolutely competes with many properties priced at or above $1,500,000 when you compare Carrington's CAP rate of 6.7% (Annual returns on your investment) & 12% G.R.M (Years to pay off your investment).