Property Assesment Query

[Devang Teewar]

Hello Investors,

I am a newbie from Canada and have just started looking for properties. I have came around one multifamily property with 4 beds. Can you guys please help me in doing assessment to this property if I should buy it or not keeping in mind Canadian market.

Selling price: 279,000

Rental Income: 2700 x 12 = 32400

Expenses (Utilities paid by landlord): 9018

Vacancy, Capex, Repair & maintenance (assumed 5% each): 4860

Mortgage (5% Down, 4% CMHC insurance, 3.04% int, 5 years fixed, 25 amr): 1310 x 12 = 15720

Cashflow (yearly): 2802

Experts,

Any suggestions?