This deal involves the purchase of 19 fourplexes and duplexes across southeastern Saskatchewan. Investors will own a share of all properties, minimizing the risks involved with investing in a single building. The properties are all located in economically diverse communities supported by oil, natural gas, mining, agriculture, construction and more. For a more complete list, see community summaries beginning on page 5 of this document.
A minimum investment of $150,000CDN is required for this deal. Investors can expect a return on their principle of roughly 5% per year, with a full return of their principle in year 5 to 7 after refinancing. After full return of principle, investors maintain their share of the properties which will continue to pay out 5% per year in annual dividends, plus 5-7% in mortgage pay down, and any added appreciation.
These properties have been appraised for a value of $10,480,000. They are all new built within the last 5 years. They offer spacious, well developed living space for workers and families living in these communities.
We are offering 60% ownership for the $2,600,000 shareholder’s loan.
Monthly Rental $ 65,000 $ Current buildings are
Gross Annual Income $ 780,000 $ all optimized for
Vacancy 7% $ 54,600 $ maximum income
Total Annual Income $ 725,400 $
Annual Maintenance $ 42,000 $
Annual Property Tax $ 65,000 $
Utilities $ Paid by tenants $
Annual Insurance $ 20,000 $
Annual Management $ 55,000 $
Total Expenses $ 182,000 $
*expenses are estimated high to be conservative. They will likely be lower than estimated.
Income post-expenses $ 543,400 $
Mortgage $ 369,060 $
Net Annual ROI $ 174,340 $
Per Month $ 14,528 $