Thursday, February 28, 2013

3 unit income building 1 hour from Ottawa

Asking Price - $299,900


3 total units – 1 commercial space, 2 two bedroom units
Commercial - $1,700
Apt second floor - $1,050
Apt third floor - $850
Total rent is $3600 - $43,200 annually

Expenses
Taxes - $8,006
Water and Gas for two residentials and 4 hydro meters - $7,746
Total expenses - $15,752

NET OPERATING INCOME - $27,448
Mortgage payment (assume 30% down, 4% interest, 25 year term) - $13,251.36
Deposit needed - $89,970

CASH FLOW – $14,196.64 ($1183.05 monthly)
CAP RATE – 9.15%
Cash on Cash return – 15.78%

Looking for cash flowing properties within a few hours of Ottawa real estate, contact the Bennett Property Shop Realty Brokerage!


E and OE.
Proformas are for illustrative purposes only. Cash flows will vary during brief periods of vacancy






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