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Buy a $530,000 property with $35,000 and cash flow $400/month!

Discussion in 'Ontario' started by ChristinaCatana, Feb 6, 2018.

  1. ChristinaCatana

    ChristinaCatana Ontario Realtor of the Year REIN Member

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    BUY-FIX-REFI and own a $530,000 property with $35,000 in it while cash flowing min $400/month!
    Fantastic opportunity to own an income property and after the refi have maximum $35,000 = 6.7% in it.
    Legal two unit registered with the City of Oshawa. It need some TLC. Buy it for $450,000, improve it with maximum $20,000 renos, refinance at $530,000. Like that you’ll have maximum $35,000 in a property worth $530,000.
    After renos you can rent out the 2 units for minimum $2,700 + Utilities. That will give you min $400/month cashflow
    This income property has it all! 2 walk outs, 2 legal units, 2 separate laundry, garage, 3 parking spots, huge lot. Lower unit has one room at ground level with walkout to the yard. Huge 50X 161 foot private lot with no neighbours at the back. Both units have walk outs to a large backyard with a deck.
    New upper bathroom and laminate flooring, newer roof and front windows.
    Located in area close to schools, transit and minutes the 401 and Go train!
    Please contact me with any questions and to view this property.

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