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Updated over 3 years ago,
[Calc Review] Help me analyze this deal
Hello Everyone,
I'm trying to determine if this deal is worth my time and money. This is for a triplex in Lachine. Job is going to be a full gut and reno. Plan is to buy at $425k, invest $200k in renos and refinance the property around $810k (based off comparibles). With estimated monthly revenues of $3600/month once the project is done. Hoping to complete renos in 9months to 11 months. Refinance at the end of the year.
*This link comes directly from our calculators, based on information input by the member who posted.