Thursday, April 17, 2014

Add a basement suite and reap the benefits

Newer property, built in 2008, located in Central West Ottawa near Carlingwood Mall.  

Price - $349,900
Renovations - $50,000
Total estimated purchase price (after renovation) - $399,900
Cash needed - $130,000

Estimated monthly rents - $2,600
Estimated mortgage payment - $1,293.23
Estimated monthly expenses - $669.92
Monthly estimated cash flow - $636.85

Estimated post renovations appraised value - $440,000


Easy access to transit, Queensway, Algonquin College.

1 comment:

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