Negative ROI, is this the reality of non-resident investors?

[Erik Pilon]

While I'm waiting for my pre-approval, I'm starting to look up fourplexes and simulating numbers on Excel, seeing which are a good deal and which are not from the MLS.

Problem is that as a Canadian citizen but non-resident, I need to have a minimum of 35% downpayment from all banks and on top of it, a 25% withholding tax.

The downpayment I can handle if the returns are good, but the 25% withholding tax is taking all profits out. Maybe it's meant to be this way to discourage out of country investors?

The way I've tested it out is that I'd need to purchase a $1,000,000 property and somehow get $10,000 per month out of it just to get 6%...

Is there something I'm missing here, or it's meant to be this way? I can't seem to get the Cash-on-Cash ROI above 1% in the best circumstances...

Ignore "Total Interest Paying", I'm just comparing side-by-side all the banks I've contacted. The below image shows the bank which would provide the highest ROI.