Next deal... Looks good on paper.
Hey folks,
Up here in Canada and looking at a SFU
3bed, 2 bath approx 1100 sq ft. About 40 years old
Nicely renovated , electric heat
Market rent 1400$ tenant pays all utilities
Property taxes 2400$ a year
5% vacancy rate
8% maintenance
10% property management
Final cashflow per month 200$.
Yay or nay?
If no, why and if yes why?
Jamie