2nd Deal Analysis - Cambridge, Ontario, Canada

[Greg Yandle]

Hey everyone,
It's Greg again with another deal for review. I used conservative numbers with this one. Please give all the feedback, advice and crisitism you have. I'd love to hear about errors, omissions, unrealistic figures. Just trying to get my analyses as accurate as possible!

https://www.realtor.ca/real-estate/22228381/766-walter-street-unit-f-cambridge#view=neighbourhood
3 Bed, 1 Bath Single Family built in 1973. Several elementary schools, high schools and retail centers nearby. 3 Post-secondary schools in the area as well.

Conservative Cash Flow (10% Vacancy): $86 / mth
Less Conservative Cash Flow (6% Vacancy):  $170 / mth
CoC Return: 55%

Purchase Price: $199000
Down Payment (20%): $39800
Mortgage (3.0%, 25 year): $159200 = $753 / mth
Closing Costs: $4000
Land Transfer Tax: $1715
Total Cash Required: $45515

Rooms: 3
Rent: $700
Rental Income: $2100

Mortgage Payment: $753
Property Tax (1.18%): $196
Insurance (Very Conservative): $150
Repairs (10%): $210
CapEx (10%): $210
Vacancy (10%): $210
Management Fees (10%): $210
Utilities: $75 (Tenants pay portion)
Total Expenses: $1930 / mth

Cash Flow: Income - Expenses: $2100 - $2014 = $86
CoC Return:  Annual Income - Cash Required: $25200 / $45515 = 55%
NOI: Gross Income - Operating Expenses (excluding Mtg): $2100 - $1177: $923