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Detailed Information
- Style: Inglewood
- Size: 1390 Sqft
- Price: $664,000
- Bedrooms: 2+2+1+1
- Bathrooms: 4
- Parking: Double detached garage
Detailed Information
- Address: West Central
- City: Edmonton, AB Canada
- Phone No.: 1-888-780-5301
- Year Constructed: 1950
- Area: Inglewood
- Appliances: 12
- Reserve Fund: N/A
- Condo Maintenance: N/A
- Foundation: Concrete
- Construction: wood frame
- Roof: asphalt shingles
- Approximate Closing Costs: $153,730
- Down Payment: $132,800
- Legal: $1,500
- Inspection: $1,250
- Property Insurance: $1630
- Immediate Repairs and Supplies: Purchase Plus Improvements
- Staying Power Fund: $12,750
- NCF: N/A
- Total Cost To Close: $152,930
- Purchase Date: October 15, 2014
- Current Date: September 15, 2014
- Current Value: $664,000
- Investor's ROI: 56% or 11% per annum
- Investor's Profit (estimated): $86,096.28
- 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.
Detail
Remarks: Your property produces $527 per month in positive cash flow at present mortgage terms. That's $31,629 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 suited house produces $4250/month and will be tenanted with equity building tenants.