Click for an enlargement
Detailed Information
- Style: Holyrood
- Size: 2100 SqFt
- Price: $625,000
- Bedrooms: 2+2+1+1
- Bathrooms: 4
- Parking: Double detached garage
Detailed Information
- Address: South Central
- City: Edmonton, AB Canada
- Phone No.: 1-888-780-5940
- Year Constructed: 1973
- Area: Holyrood
- Appliances: 12
- Reserve Fund: N/A
- Condo Maintenance: N/A
- Foundation: Concrete
- Construction: wood frame
- Roof: asphalt shingles
- Approximate Closing Costs:
- Down Payment: $125,000
- Legal: $1,500
- Inspection: $625
- Property Insurance: $1620
- Immediate Repairs and Supplies: $30,000 PPI
- Staying Power Fund: $12,870
- NCF: N/A
- Total Cost To Close: $146,090
- Purchase Date: October 1, 2015
- Current Date: September 15, 2015
- Current Value: $625,000
- Investor's ROI: 62% or 12% per annum
- Investor's Profit (estimated): $90,497
- Other: This property produces 12% 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 $782 per month in positive cash flow at present mortgage terms. That's $46,920 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 fourplex produces $4290/month and will be tenanted with equity building tenants.