|
|
|
|
|
 |
 |
|
|
|
 |
|
|
 |
 Image
|
| 14 Unit Toronto |
|
| September 4, 2008 |
|
|
|
| Purchase price |
$1,100,000 |
| Cap Rate |
8.69% |
| Closing costs |
$25,103 |
| Mortgage @ 75% |
$825,000 |
| VTB @ 10% |
$110,000 |
| Capital required |
$190,103 |
|
|
| Monthy totals |
|
| Income |
$11,360.00 |
| Effective Income |
$10,564.80 |
| Expenses |
$3,395.00 |
| First Mortgage |
$5,190.46 |
| VTB |
$639.77 |
| ROI Cash |
$1,339.57 |
|
|
| Annual totals |
|
| Income |
$136,320 |
| Expenses |
$40,740 |
| First Mortgage |
$62,286 |
| VTB |
$7,677 |
| Annual ROI Cash |
$25,617 |
| Principal recapture |
$17,525 |
| Appreciatation |
$22,000 |
| Annual ROI $ |
$65,142 |
| ROI % |
34.27% |
|
|
| Partnership share first year |
|
| Annual ROI $ |
$32,571 |
| ROI % |
17.13% |
|
|
| 5 Year forecast |
|
| Income |
$723,603 |
| Expenses |
$216,253 |
| First Mortgage |
$311,428 |
| Second Mortgage |
$38,386 |
| ROI Cash |
$157,536 |
| Principal recapture |
$98,388 |
| Appreciatation |
$116,779 |
| ROI $ |
$372,703 |
| Annualized ROI % |
39.21% |
|
|
| Partnership share |
|
| ROI $ |
$186,351.53 |
| Annualized ROI % |
19.61% |
 14 Unit Toronto
 |
3 Storey Free Standing Solid Brick Apart. This property is at Prime Location. Close to all Amenities, School, Church, Shops, Ttc Access. Plumbing changed in 2004 Roof Redone in 2004. 8+ 2 Parking Spots. Great Rental Area. List of Chattels will be provided extra income approx $2400/Yr on laundry plus parking income.
|
| |
|
|
 |
 Search our site by Keyword
|
 |
|
|
 |
|
|
|
|