We successfully completed the Eco-Energy grant with a new high efficiency furnace, power-vent hot water tank and upgraded R-50 attic insulation. Each unit received a new fridge and stove in 2011. Basement suite is currently vacant and is receiving new carpet, lino, paint and an entry door. Property Manager has new tenants in place for March 1, 2012.
We have economic highlights for Prince Albert available.
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15% ANNUAL ROI with 50% OWNERSHIP Hot
Property Address
Address (required)
City (required)
Postal Code/Zip
S6V 0S6
Country
Province/State
Latitude
53.21
Longitude
-105.74
JV Features
How Much Money/Price ?
Your J.V. Investment $31,500 (includes all fees and contingency fund)
Why this deal is good for Investors ?
The economic fundamentals for the area are very good. The population of Price Albert continues to grow, rents are increasing and Saskatchewan lead the country in GDP growth in 2011 and is projected to be 2nd only to Alberta in 2012.
The house is on a lot that is zoned R5 and near downtown. As the city grows lots that have multi-unit potential will be increasing in demand. The home has a new high efficient furnace, power vent hot water tank, R50 attic insulation and new fridge and stove in both units.
The house is on a lot that is zoned R5 and near downtown. As the city grows lots that have multi-unit potential will be increasing in demand. The home has a new high efficient furnace, power vent hot water tank, R50 attic insulation and new fridge and stove in both units.
JV Details
15% ANNUAL ROI with 50% OWNERSHIP
•Residential 3 bedroom, 1 bath home w/legal 1 bedroom, 1 bath basement suite
•Zoned R5, future multi-unit development possible
Estimated value $135,000
Your J.V. Investment $ 31,500 (includes all fees and contingency fund)
Rent $ 1,375/month,
Monthly Expenses $ 1,045/month (includes 5% maintenance)
Positive Cash flow/month$ 330/month
Positive Cash flow (5yrs) $19,800
Mortgage pay down (5yrs) $ 8,000
Equity Market Value Increase (5yrs) $20,250 (based on a conservative 3%/year)
5 year total (shared 50%) $48,050 (divide by 2 =$24,025)
5 year Return On Investment (ROI) 76.27% ($24,025/$31,500)
•Residential 3 bedroom, 1 bath home w/legal 1 bedroom, 1 bath basement suite
•Zoned R5, future multi-unit development possible
Estimated value $135,000
Your J.V. Investment $ 31,500 (includes all fees and contingency fund)
Rent $ 1,375/month,
Monthly Expenses $ 1,045/month (includes 5% maintenance)
Positive Cash flow/month$ 330/month
Positive Cash flow (5yrs) $19,800
Mortgage pay down (5yrs) $ 8,000
Equity Market Value Increase (5yrs) $20,250 (based on a conservative 3%/year)
5 year total (shared 50%) $48,050 (divide by 2 =$24,025)
5 year Return On Investment (ROI) 76.27% ($24,025/$31,500)
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