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Tina Myrvang

Client Care Lead
Staff member
REIN Member
Joined
Nov 15, 2010
Messages
1,502
Hello Kyle,
I looked up Calgary on the CMHC site. Here is the rental report: Click Here
I also like to look up rental stats on Wikipedia and rentboard.ca.
I hope this helps.
 

Matt Crowley

0
REIN Member
Joined
Dec 14, 2013
Messages
980
Cap rate should be around 6% - 6.5% so NOI = 580,000 * 0.065 = 37,700
My OE budget is approximately 35% of gross effective income (incl utilities, based on build-up budget) so expected gross revenue is

= 37,700 / (1-0.35)
= 58,000
Apply vacancy rate of 5% = 58,000*1.05 = 60,900
Monthly gross rent = 60,900 / 12 = $5,075

So: $2,538 per unit for duplex
Or $1,692 per unit triplex
Or $1,269 per unit fourplex
Or $846 per unit sixplex

If those rents are within market possibilities it is worth pursuing otherwise I wouldn't bother.
 
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