Help! I can't find rental property with positive cash flow

[Johnny Franco]

Hello All,

I'm looking to buying my first rental property in the Montréal canada region, but I'm unable to find any that generate a monthly cash flow.  Im going with 20% down and 20 year mortgage.  All the numbers from a recent case can be found on this on this online calculator (link below)

can anyone shed some light on what I'm doing wrong?

house value 680 000$

monthly rent 2833$

20% down on 20 year  mortgage 

more info on the link below

Thank you! 

Johnny 

https://www.calculator.net/ren...

[Joe Villeneuve]

Originally posted by @Jaimon Stucki:

@Joe Villeneuve Agreed. You are cash flow positive if you change to 30 year timeline.

 Your tenant is paying the mortgage fo you then...and your only cost is the DP...not the rest of the mortgage with interest.