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 9 Unit Brantford
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Great investment property with upside potential. Location is good in the Terrace Hill area of Brantford close to Wilfrid Laurier University and Brantford General Hospital. Building has individual hydro meters. Great property for real estate investing. Six units of new flooring. Treat financing as clear.
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| 9 Unit Brantford |
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| September 4, 2008 |
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| Purchase price |
$579,000 |
| Cap Rate |
7.50% |
| Closing costs |
$17,950 |
| Mortgage @ 75% |
$434,250 |
| VTB @ 10% |
$57,900 |
| Capital required |
$104,800 |
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| Monthy totals |
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| Income |
$5,717.50 |
| Effective Income |
$5,431.63 |
| Expenses |
$2,096.42 |
| First Mortgage |
$2,732.07 |
| VTB |
$336.75 |
| ROI Cash |
$266.39 |
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| Annual totals |
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| Income |
$68,610 |
| Expenses |
$25,157 |
| First Mortgage |
$32,785 |
| VTB |
$4,041 |
| Annual ROI Cash |
$6,627 |
| Principal recapture |
$9,225 |
| Appreciatation |
$11,580 |
| Annual ROI $ |
$27,432 |
| ROI % |
26.18% |
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| Partnership share first year |
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| Annual ROI $ |
$13,716 |
| ROI % |
13.09% |
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| 5 Year forecast |
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| Income |
$364,190 |
| Expenses |
$133,537 |
| First Mortgage |
$163,924 |
| Second Mortgage |
$20,205 |
| ROI Cash |
$46,524 |
| Principal recapture |
$51,788 |
| Appreciatation |
$61,468 |
| ROI $ |
$159,780 |
| Annualized ROI % |
30.49% |
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| Partnership share |
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| ROI $ |
$79,890.14 |
| Annualized ROI % |
15.25% |
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