Asking price $235,000 Purchase price $225,000 Downpayment 18% - $40,500 closing costs - $4500 Total cash investment - $45,000 Mortage amount $184,500 Monthly gross rent $1800 expenses Taxes $150 Insurance $70.83 Maintenance (15% of rent) $270 Propert mngmnt $198 Vacancy fund (5%) $90 Heat $144.27 Hydro $160 Total expenses $1083.10 Net monthly rent $716.90 Mortgage (P+I) $557.91 Positive monthly cashflow $158.99 Cash R.O.I. 4.24% Monthly principle recapture $253.99 TOTAL ROI (with recapture) 11.01% Hey all, Above are actual numbers from a property I puchased in April 2008 at the height of the Saskatoon speculation boom and yes I`m one of those clowns who got in at the height just before the worlds economy took all it`s hits. It`s a 2 bedroom bungalow with a legal 1 bedroom basement suite. Obviously I made this purchase before I was introduced to the REIN cashflow system. I bought this property on speculation. My property is now worth between $180,000 - $195,000. Considerably lower than the $225,000 I purchased for. The only reason I`m cashflowing is because my mortgage rate is currently 2% (prime -0.25) with a 40 year ammort. I stress tested the property and added 3% to my interest rate. So at a 5% interest rate I have a negative monthly cashflow of approx $170 per month. I don`t know what to do!? I can`t sell right now becuase it`s not worth close to what I paid for it. Should I ride it out for a few years? What would ya`ll do? UGH! HELP ME PLEASE!! I own 4 properties in Saskatoon and the situation is the same on all of them. Thanks for all input guys, however harsh it may be.