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- Aug 29, 2007
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- 2,042
QUOTE (ThomasOMalley @ Jan 18 2008, 04:37 PM)
Here is a fully rented triplex in Oshawa with great cash flow potential. If you wish to view it or require further information please feel free to contact Jennifer O'Malley directly at 905-579-0606 or by email at [email protected]. Additional financials are below.
MLS#E1242016
List Price: $259,900
Taxes: 2,239.10/2007
2 1/2 Storey Triplex
Oshawa
5 Bedrooms, 3 Washrooms
Investment Opportunity,Legal Non Conforming Triplex( Seller Confirms Retrofit Is Complete)Over $15,000 In Renovations: All New Windows,High Eff. Gas Furnace,Paved Driveway,Indoor Doors Apt 3, New Fridge & Stove(Apt 1&2). Laminate Floors & Paint Apt 1&2, New Tiles-Main
Current Rent: Apt 1 Bachelor $550/Mth (All Incl.) Apt 2 $800/Mth (All Incl.) Apt 3 $1100/Mth (All Incl). All Units Are Currently Rented With Good Tenants. Cash Flow Approximately $ 400 Net/Month
Gross Cap Rate: 11.3
Net Cap Rate: 7.90
Potential Rental Income $29,400
Less Vacancy and Credit Losses 3.0% - $ 882
Effective Rental Income $28,518
Add: Other Income $0
Gross Operating Income $28,518
Less Operating Expenses -$ 7,913
Net Operating Income $20,605
Expenses:
Gas: 2717.46
Water: 935.74
Hydro: 1154.80
Taxes $2,240
Repairs: $865/year
25 year New High Efficiency Gas Furnace - $4000 = $160
25 year All new windows - $6000 = $240
15 year New pave drive way - $1300 = $87
20 year Indoor doors in Apt 3 - $1350 = $67.50
10 year New Fridge and Oven for apt 1 & 2 - $1100 - $110
10 year Laminate floors and paint for apt 1 & 2 - $1000 = $100
General Maintenance = $100
Property Insurance: 939.56 including taxes
Jennifer O'Malley, Salesperson - Sutton Group Status Realty Inc., Brokerage, Independently Owned and Operated 95-436-0990
Would anyone care to comment on what they believe the real cash flow on this property might be.
Not being a REIN member I can not access the members section.
Here is a fully rented triplex in Oshawa with great cash flow potential. If you wish to view it or require further information please feel free to contact Jennifer O'Malley directly at 905-579-0606 or by email at [email protected]. Additional financials are below.
MLS#E1242016
List Price: $259,900
Taxes: 2,239.10/2007
2 1/2 Storey Triplex
Oshawa
5 Bedrooms, 3 Washrooms
Investment Opportunity,Legal Non Conforming Triplex( Seller Confirms Retrofit Is Complete)Over $15,000 In Renovations: All New Windows,High Eff. Gas Furnace,Paved Driveway,Indoor Doors Apt 3, New Fridge & Stove(Apt 1&2). Laminate Floors & Paint Apt 1&2, New Tiles-Main
Current Rent: Apt 1 Bachelor $550/Mth (All Incl.) Apt 2 $800/Mth (All Incl.) Apt 3 $1100/Mth (All Incl). All Units Are Currently Rented With Good Tenants. Cash Flow Approximately $ 400 Net/Month
Gross Cap Rate: 11.3
Net Cap Rate: 7.90
Potential Rental Income $29,400
Less Vacancy and Credit Losses 3.0% - $ 882
Effective Rental Income $28,518
Add: Other Income $0
Gross Operating Income $28,518
Less Operating Expenses -$ 7,913
Net Operating Income $20,605
Expenses:
Gas: 2717.46
Water: 935.74
Hydro: 1154.80
Taxes $2,240
Repairs: $865/year
25 year New High Efficiency Gas Furnace - $4000 = $160
25 year All new windows - $6000 = $240
15 year New pave drive way - $1300 = $87
20 year Indoor doors in Apt 3 - $1350 = $67.50
10 year New Fridge and Oven for apt 1 & 2 - $1100 - $110
10 year Laminate floors and paint for apt 1 & 2 - $1000 = $100
General Maintenance = $100
Property Insurance: 939.56 including taxes
Jennifer O'Malley, Salesperson - Sutton Group Status Realty Inc., Brokerage, Independently Owned and Operated 95-436-0990
Would anyone care to comment on what they believe the real cash flow on this property might be.
Not being a REIN member I can not access the members section.