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 11 Unit Toronto
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This property is approx. 1600 square feet and was originally divided into two units. Comm. Tenant pays $400/mo. For property taxes + $100/mo. for water shown as exp. recov. Good property with lots of character and potential. Buyer will need to apply to city of Toronto for a legal parking space on the blvd.
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| 11 Unit Toronto |
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| September 4, 2008 |
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| Purchase price |
$1,450,000 |
| Cap Rate |
6.52% |
| Closing costs |
$29,909 |
| Mortgage @ 75% |
$1,087,500 |
| VTB @ 10% |
$145,000 |
| Capital required |
$247,409 |
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| Monthy totals |
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| Income |
$12,852.00 |
| Effective Income |
$12,209.40 |
| Expenses |
$4,975.83 |
| First Mortgage |
$6,019.00 |
| VTB |
$843.33 |
| ROI Cash |
$371.24 |
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| Annual totals |
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| Income |
$154,224 |
| Expenses |
$59,710 |
| First Mortgage |
$72,228 |
| VTB |
$10,120 |
| Annual ROI Cash |
$12,166 |
| Principal recapture |
$27,247 |
| Appreciatation |
$29,000 |
| Annual ROI $ |
$68,413 |
| ROI % |
27.65% |
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| Partnership share first year |
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| Annual ROI $ |
$34,206 |
| ROI % |
13.83% |
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| 5 Year forecast |
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| Income |
$818,640 |
| Expenses |
$316,948 |
| First Mortgage |
$361,140 |
| Second Mortgage |
$50,600 |
| ROI Cash |
$89,952 |
| Principal recapture |
$149,379 |
| Appreciatation |
$153,936 |
| ROI $ |
$393,266 |
| Annualized ROI % |
31.79% |
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| Partnership share |
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| ROI $ |
$196,633.08 |
| Annualized ROI % |
15.90% |
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