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Updated over 7 years ago,
understanding taxe benefits thank you!
I need help understanding real estate taxe benefits
Here is an example
purchase price 550k
down payment 55k (owner occupied) 10%
interest rate: 3%
amortization: 25years
monthly payment - 2415.19
1250$ a month towards interest on average for first year
municipal taxes : 4,665$
school taxes: 913$
property in montreal lasalle quebec canada
it is a 4plex 2x4.5 and 2×5.5
what will be the taxe benefits from this situation
please explain how you calculated
and how I can add the taxe benefits to my ROI for the year
thank you very much