Location: York University, The Village, North York
A brand new free-hold townhouse unit adjacent to York University. Great for student rental income or family dwelling.
YEARLY OPERATING NUMBERS (2012)
Purchase price | $388 000 |
Down Payment required | $88 475 |
Rent (and Parking) | $2 600/month |
Mortgage pay down | $580/month |
Monthly Cashflow | $700/month |
ESTIMATED VALUE OF BUILDING NUMBERS (2016) – $485 000
If the property values grow by 5% per year for the next 5 years, the property will be valued at $485 000. Mortgage owing would be $260 000.)
Estimated Equity (2016) | $260 000 |
Less down payment returned | $88 000 |
Gross Profit | $172 000 |
ROI | 195% (5 years)/39% (annual) |
*Note: Approved subway to York may cause prices to go higher than the conservative estimate