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Glenn Simon Inc

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Detailed Information

  • Style: Sherwood
  • Size: 2206 Sq Ft
  • Price: $579,000
  • Bedrooms: 3+3+2+2
  • Bathrooms: 4
  • Parking: Double detached garage

Detailed Information

  • Address: North west
  • City: Edmonton
  • Phone No.: 1-888-780-5940
  • Year Constructed: 1963
  • Area: North west
  • Appliances: 8
  • Reserve Fund: N/A
  • Condo Maintenance: N/A
  • Foundation: Concrete
  • Construction: wood frame
  • Roof: asphalt shingles
  • Approximate Closing Costs: $139,856
  • Down Payment: $115,800
  • Legal: $1,500
  • Inspection: $1,250
  • Property Insurance: $1656
  • Immediate Repairs and Supplies: $15,000 PPI
  • Staying Power Fund: $12,990
  • NCF: N/A
  • Total Cost To Close: $139,856
  • Purchase Date: September 1
  • Current Date: July 30, 2015
  • Current Value: $579,000
  • Investor's ROI: 56% or 11.2% per annum
  • Investor's Profit (estimated): $78,180
  • Other: This property produces 11% per annum at an conservative 3% appreciation per year.

    Invest in properties that cash flow every month and get money going into your pockets not coming out of them.
Detail
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Remarks: Your property produces $672 per month in positive cash flow at present mortgage terms. That's $40,293 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 an excellent rental after our renovations.

This purpose built 4plex produces $4330/month and will be tenanted with equity building tenants.