Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Canadian Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

Account Closed
  • Investor
  • Sherbrooke, Québec
19
Votes |
77
Posts

15-unit apartment in Sherbrooke

Account Closed
  • Investor
  • Sherbrooke, Québec
Posted

Hi, i'm currently considering this property (and others like it)...was just wondering if my numbers make sense:

assuming i close at 1,100,000:

mortgage rate = 1.65% (By the way is this realistic for commercial mortgage)

monthly mortgage payment will be 3,581 (yearly total of 42972

other expenses: 31361 (see pic below)

total expenses: 74333

NOI: 107724 - 74333 = 33391

down payment = 20% of 1,100,000 = 220k 

cash ROI = 33391/220000 = 15.2%

seems like a great deal (15.2% cash ROI), however i'm not super familiar with commercial multifamily, anyone want to give their opinion on my numbers? thanks

Loading replies...