|
| |
4 Plex Investment in Alberta
| Total cost of property |
$410,000 |
| Down Payment |
$102,500 |
| # of Suites |
4 |
| Cost per Suite |
$102,500 |
| Total Mortgage |
$307,500 |
| Amortization period (years) |
25 |
Rent
| # of Suites |
# of Bedrooms |
Rent per Suite |
|
| 4 |
3 |
$900.00 |
|
| |
|
|
|
| Total Monthly Rent |
$3600.00 |
|
Expenses
| |
Monthly |
| Heat |
Paid by Tenant |
| Electricity |
Paid by Tenant |
| Water/Sewer |
Paid by Tenant |
| Taxes |
$427.58 |
| Insurance |
$146.91 |
| Property Management |
$140.00 |
| Vacancy Allowance |
$144.00 |
| Repairs and Maintenance |
$200.00 |
| |
|
| Total |
$1058.49 |
Cash Flow
| |
Monthly |
| Monthly Income minus Monthly Expenses |
$2541.51 |
| 1st Mortgage @ 5.5% payment |
$1888.32 (approx) |
| Cash Flow |
$653.19 |
Closing Costs
| |
Costs |
| Inspection |
$ 350.00 |
| Appraisal |
$ 350.00 |
| Legal Costs |
$2000.00 |
| Reserve Fund |
$3600.00 |
| Property Insurance |
$1763.00 |
| Transfer of Taxes (remainder of year) |
$1710.00 |
| |
|
| Total (also investor cost) |
$9773.00 |
| Total Cash needed from Investor |
$112,273.00 |
The Investment
| Cap Rate |
7.6% |
| ROI |
14.3% |
| ROE |
20.3% |
| DCR |
143% |
| |
1 Years |
2 Years |
3 Years |
4 Years |
| Capital Appreciation@ 5% per year |
$430,500 |
$452,025 |
$474,626 |
$498,358 |
| Property Equity including Principle Reduction |
$26,448 |
$54,253 |
$83,485 |
$114,216 |
This is an actual 4 plex that is for sale in Brooks, Alberta.
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