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Detailed Information
- Style: King Edward Park
- Size: 2060 Sqft
- Price: $490,000
- Bedrooms: 6
- Bathrooms: 2
- Parking: Double detached garage
Detailed Information
- Address: King Edward Park
- City: Edmonton
- Phone No.: 1-888-780-5940
- Year Constructed: 1967
- Area: Central
- Appliances: 7
- Reserve Fund: N/A
- Condo Maintenance: N/A
- Foundation: Concrete
- Construction: wood frame
- Roof: asphalt shingles
- Approximate Closing Costs: $115,330
- Down Payment: $98,000
- Legal: $1,500
- Inspection: $625
- Property Insurance: $2,800
- Immediate Repairs and Supplies: $3,000
- Staying Power Fund: $8,445
- NCF: N/A
- Total Cost To Close: $115,330
- Purchase Date: April 2012
- Current Date: February 15, 2012
- Current Value: $500,000
- Investor's ROI: 50% or 10% per annum
- Investor's Profit (estimated): $58,155.00
- Other: This property produces 10% per annum at an conservative 3% appreciation per year.
Edmonton is the top city in Alberta to invest in. Recession proof your financial future. 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 $250.63 per month in positive cash flow at present mortgage terms. That's $15,055.80 over 5 years.
The real opportunity of this property is converting it into a 3 or 4 unit investment.
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.
This duplex produces $2815/month and will be tenanted with equity building tenants.