- Joined
- Aug 20, 2016
- Messages
- 28
I am in Sudbury, Ontario and looking at purchasing a first rental property. I'd like to connect with others in the area if they are on this forum. I've been reading, and researching for a few months and have made a few good contacts.
Any help is appreciated, and I'm a big believer in helping when I can.
Here is an example of 1 property I am currently looking at:
Duplex
218,000
taxes: 2150
water+hydro: 2940
Gas: 1080
Insurance: 1000
Rental eqpuipment: 220
Repairs 2%: 4000
Total expenses: 7400
Mortgage: 12000
Current rent for both untits: 24000
600 Gross Revenue?
What are some other things I should be looking at?
Do these numbers make sense to look at?
Any help is appreciated, and I'm a big believer in helping when I can.
Here is an example of 1 property I am currently looking at:
Duplex
218,000
taxes: 2150
water+hydro: 2940
Gas: 1080
Insurance: 1000
Rental eqpuipment: 220
Repairs 2%: 4000
Total expenses: 7400
Mortgage: 12000
Current rent for both untits: 24000
600 Gross Revenue?
What are some other things I should be looking at?
Do these numbers make sense to look at?