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Updated about 9 years ago on . Most recent reply

User Stats

48
Posts
2
Votes
Jamie Montpellier
  • Investor
  • Aurora, Ontario
2
Votes |
48
Posts

Next deal... Looks good on paper.

Jamie Montpellier
  • Investor
  • Aurora, Ontario
Posted

 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

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