| NO MONEY DOWN DEAL |
$145,000
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Details
 Bedrooms | : | 6 |
| Total rooms | : | 6 |
| Bathrooms | : | min 3 |
| Parking | : | 1 |
Features
| Lock up garage | : | Yes |
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Description
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Cash flow can be downloded in download section
This is triplex so is perfect rental property
| GROSS INCOME: |
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Annual |
| Gross Residential Income |
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$ 21,228 |
| Laundry |
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| Vacancy |
5% |
$ 1,061 |
| EFFECTIVE GROSS INCOME |
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$ 20,167 |
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| OPERATING EXPENSES: |
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| Taxes |
12% |
$ 2,460 |
| Insurance |
9% |
$ 1,799 |
| Heat |
10% |
$ 1,933 |
| Water/sewer |
6% |
$ 1,207 |
| Repairs & Maintenance |
5% |
$ 1,008 |
| Management |
5% |
$ 1,008 |
| Total Operating Expenses |
47% |
$ 9,416 |
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| NET OPERATING INCOME |
53% |
$ 10,751 |
| Financing Details |
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| Asking Price |
$ 145,000 |
| First mortgage 90% LTV @6% 40yr am (with insurance premium) |
$ 137,678 |
| Down payment 10% |
$ 14,500 |
| Cash back incentive for bundle purchase with 224 Colborne St |
$ 14,500 |
| NET DOWN PAYMENT |
$ 0 |
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| Net Operating income |
$ 10,751 |
| Mortgage payments |
$ 9,006 |
| Net Income |
$ 1,745 |
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| ROI |
INFINITE!! |
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