Total cash flow: $1,037 a month or $12,444 a year
John Mayberry

Total cash flow: $1,037 a month or $12,444 a year

Hot
1666   0   0   0   0   0
John Mayberry  
 

I have a listing in Strathmore that has 2 single-family detached homes each with attached garages on one lot. The owner is moving to the states and wants to unload his Canadian properties. He just rented them both out this month on year leases! The main house is rented for $2,100.00 a month. The 2nd 'guest-house' is rented for $1,400.00 a month for a total rent of $3,500.00 a month. The total purchase price is $499,900. If your putting down 20% your mortgage amount would be $400,000 at today interest rate on a 5 yr fixed (3.04%) your payments would be approximately $1,650 a month.Taxes are $4,658 a year ($388 a month). Insurance should be about $1,500 a year ($125 a month) utilities are approx. $300 a month ($3,600 a year)

Rental income: $3,500 mnth ($42,000 yr)
Utilities: $300 ($3,600 yr)
Mortgage: $1,650 ($19,800 yr)
Taxes/Insurance: $513 ($6,156 yr)

Total cash flow: $1,037 a month or $12,444 a year


Let me know if any of you are interested or have questions.

User comments

There are no user comments for this listing.
Category: Classified
I am holding paper on a mortgage in Saskatoon...
Category: Classified
Tim has found a place, thank you. ...
Category: Classified
Hi Investors, I am looking for JV...
Wanted Single Family House
Category: Classified
Wanted: Single Family House. 3Bd, 2...
Category: Classified
Hi everyone, Im a Govt. of Alberta...
Category: Classified
Hi, I'm looking for across-border investor, I have 24-unit...
Category: Classified
Excellent Opportunity with $100k+ Gross to be made in the...
Category: Classified
We're looking for investment properties in Florida. Specifically the...
Category: Classified
Does anyone want a source of property in the...