From Bizstats web site

Lessors of Real Estate

Sole Prop Annual Average Sales, Income & Expense 2017

Sales (rents collected) 100.00%

Inventory (% of Sales) 2.47%

Cost of Sales 23.58%

COS-Labor Portion 0.10%

Gross Profit 76.42%

Salary-Wages 4.28%

Contract Labor-Commissions 5.03%

Rent 2.14%

Taxes 4.75%

Interest paid 6.39%

Amort. & Dep. 14.67%

Advertising 1.65%

Benefits-Pension 0.29%

Insurance (non-health) 1.75%

Home Office Expense 0.57%

Other SG&A Exp. 31.95%

Total Expenses 73.48%

Net Profit 2.94%

Total Direct Labor & NP 12.35%

Ray-n-Pa, that seems unnecessarily complex. I do the following.

Gross income (expenses) = net income.

Sorry Rick I don't right the reports.

The numbers that jump out:

Cost of sales in our industry means the percentage that you pay monthly to the bank for principle......this says 23.58% which seems rather low. Another 6.3% in interest on that principle amount.

The net profit - what you make after the bills get paid and depreciation is factored in is 2.94%

Repairs are just over 5%