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Detailed Information
- Style: Strathcona
- Size: 1472 sqft
- Price: $475,000
- Bedrooms: 2+2+1
- Bathrooms: 3
- Parking: Street and Pad
Detailed Information
- Address: South Central
- City: Edmonton, AB Canada
- Phone No.: 1-888-780-5940
- Year Constructed: 1914
- Area: Stratcona
- Appliances: 2+2+2
- Reserve Fund: N/A
- Condo Maintenance: N/A
- Foundation: Concrete
- Construction: wood frame
- Roof: asphalt shingles
- Approximate Closing Costs: $125,000
- Down Payment: $95,000
- Legal: $1,500
- Inspection: $1,200
- Property Insurance: $1,500
- Immediate Repairs and Supplies: $18,300
- Staying Power Fund: $7,500
- NCF:
- Total Cost To Close: $125,000
- Purchase Date: May 30, 2014
- Current Date: May 1, 2014
- Current Value: $525,000
- Investor's ROI: 68% or 13.6%
- Investor's Profit (estimated): $85,000
- Other: This property produces 13.6% per annum at an conservative 3% appreciation per year.
Edmonton is a top city in Alberta to invest in and Alberta will lead Canadian economies for the next 2 years. Invest in properties that cash flow every month and get money going into your pockets not coming out of them.
Remarks: Your property produces $425.00 per month in positive cash flow at present mortgage terms. That's $25,500 over 5 years.
Your investment includes: financial analysis, professional inspection, insurance, legal fees, basic accounting, reserve fund, CMA, down-payment, bi-annual statements, strategic market timing to ensure successful entry and exit.
Additional Info: This property cash flows and is at a great price is well located and will be a beautiful rental after our renovations.
This suited house produces $3300/month and will be tenanted with equity building tenants.