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Glenn Simon Inc

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Detailed Information

  • Style: Strathcona
  • Size: 1600 sqft
  • Price: $485,000
  • Bedrooms: 2+1+1
  • Bathrooms: 3
  • Parking: Parking Pad

Detailed Information

  • Address: South Central
  • City: Edmonton, AB Canada
  • Phone No.: 1-888-780-5940
  • Year Constructed: 1940
  • Area: Strathcona
  • Appliances: 8
  • Reserve Fund: N/A
  • Condo Maintenance: N/A
  • Foundation: Concrete
  • Construction: wood frame
  • Roof: asphalt shingles
  • Approximate Closing Costs: $111,755
  • Down Payment: $97,000
  • Legal: $1,500
  • Inspection: $625
  • Property Insurance: $1,080
  • Immediate Repairs and Supplies: $25,000 PPI
  • Staying Power Fund: $8,850
  • NCF: N/A
  • Total Cost To Close: $111,755
  • Purchase Date: July 1, 2015
  • Current Date: June 1, 2015
  • Current Value: $485,000
  • Investor's ROI: 55% or 11% per annum
  • Investor's Profit (estimated): $60,849.50
  • Other: This property produces 11% 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.
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Remarks: Your property produces $318 per month in positive cash flow at present mortgage terms. That's $19,080 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. It is well located and will be a beautiful rental after our renovations.
This triplex produces $2800/month and will be tenanted with equity building tenants.