Great investment opportunity! Current tenant of five years is excited to stay and pay $1,100 per month rent. Net operating income is $6,731: annual rent $13,200 minus tax $4,602, insurance $691, water sewer $1,176. Cap rate is 8.74%. The county has the market value at $110,700 so the opportunity exists that the new owner could get taxes lowered to about $3,200, raising NOI to $8,133 and cap rat...