Click for an enlargement
Detailed Information
- Style: Forest Heights
- Size: 1810
- Price: $695,000
- Bedrooms: 8
- Bathrooms: 4
- Parking: Double detached garage
Detailed Information
- Address: Forest Heights
- City: Edmonton, AB Canada
- Phone No.: 1-888-780-5940
- Year Constructed: 1957
- Area: South Central
- Appliances: 12
- Reserve Fund: N/A
- Condo Maintenance: N/A
- Foundation: Concrete
- Construction: wood frame
- Roof: asphalt shingles
- Approximate Closing Costs: $156,930
- Down Payment: $139,000
- Legal: $1,500
- Inspection: $1200
- Property Insurance: $2,000
- Immediate Repairs and Supplies: $10,000 PPI
- Staying Power Fund: $12,900
- NCF: N/A
- Total Cost To Close: $156,930
- Purchase Date: June 1, 2016
- Current Date: May 1, 2016
- Current Value: $705,000
- Investor's ROI: 65% or 13% Per Annum
- Investor's Profit (estimated): $101,310
- Other: This property produces 13% per annum at a conservative 3% appreciation per year.
Edmonton is the top city in Alberta to invest in.Invest in properties that cash flow every month and get money going into your pockets not coming out of them.
Remarks: Your property produces $652 per month in positive cash flow at present mortgage terms. That's $39,120 over 5 years.
*Partner must qualify for financing*
Your investment includes: financial analysis, professional inspection, insurance, legal fees, basic accounting, reserve fund, CMA, down-payment, bi-annual statements, strategic market timing to ensure successful entry and exit.
Additional Info: This property cash flows and is at a great price.
This 1810 sqft property will produce $4300/month due to the 2 income boosting suites, which will be tenanted with equity building long term tenants.