Location: 83 Fletcherdon Crescent, North York
Bedrooms: 6
Bathrooms: 3
Available Parking: Garage
Air Conditioning: Yes
Laundry Available: Private en suite
Basement: Yes
Outdoor Space: Yes
Floors: 3 (2 separate suites)
YEARLY OPERATING NUMBERS (2011)
Purchase price | $358 000 |
Down Payment required | $84 995 |
Rent | $2 725/month |
Mortgage pay down | $468/month |
Monthly Cashflow | $317/month |
SALE OF BUILDING NUMBERS (2016) – $456 908
If the property values grow by 5% per year for the next 5 years, the property will be valued at $456 908. Mortgage owing would be $259 041.
Estimated Equity (2016) | $197 567 |
Less down payment returned | $84 995 |
Gross Profit | $112 872 |
ROI | 133% (5 years)/26.5% (annual) |