property that looks good but is not
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Property that looks good, but isn’t
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Property Price: $129,000 Duplex in Ontario for $129,000
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900Duplex in Ontario for $129,000
Put $12,900 down payment
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Duplex in Ontario for $129,000
Put $12,900 down payment
Total Mortgage: $129,000 - $12,900 = $116,100
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Duplex in Ontario for $129,000
Put $12,900 down payment
Total Mortgage: $129,000 - $12,900 = $116,100
Each side of duplex pays $675/month for a total of $1350/month rent
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Duplex in Ontario for $129,000
Put $12,900 down payment
Total Mortgage: $129,000 - $12,900 = $116,100
Each side of duplex pays $675/month for a total of $1350/month rent
Property Manager takes care of property and tenants and charges 10% of rental income
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Duplex in Ontario for $129,000
Put $12,900 down payment
Total Mortgage: $129,000 - $12,900 = $116,100
Each side of duplex pays $675/month for a total of $1350/month rent
Property Manager takes care of property and tenants and charges 10% of rental income
Vacancy Allowance of 5% means that I expect the property to be vacant 5% of the time
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Insurance $75/month
Duplex in Ontario for $129,000
Put $12,900 down payment
Total Mortgage: $129,000 - $12,900 = $116,100
Each side of duplex pays $675/month for a total of $1350/month rent
Property Manager takes care of property and tenants and charges 10% of rental income
Vacancy Allowance of 5% means that I expect the property to be vacant 5% of the time
Insurance $75/month
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Insurance $75/month
Taxes $80/month
Duplex in Ontario for $129,000
Put $12,900 down payment
Total Mortgage: $129,000 - $12,900 = $116,100
Each side of duplex pays $675/month for a total of $1350/month rent
Property Manager takes care of property and tenants and charges 10% of rental income
Vacancy Allowance of 5% means that I expect the property to be vacant 5% of the time
Insurance $75/month
Taxes $80/month
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Insurance $75/month
Taxes $80/month
Mortgage $425/month
$116,100 Mortgage = $425/month
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Insurance $75/month
Taxes $80/month
Mortgage $425/month
Utilities:
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Insurance $75/month
Taxes $80/month
Mortgage $425/month
Utilities:
Hydro $110/month
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Hydro - $110/month
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Insurance $75/month
Taxes $80/month
Mortgage $425/month
Utilities:
Hydro $110/month
Gas $210/month
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Hydro - $110/month
Gas - $210/month
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Insurance $75/month
Taxes $80/month
Mortgage $425/month
Utilities:
Hydro $110/month
Gas $210/month
Water $170/month
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Hydro - $110/month
Gas - $210/month
Water - $170/month
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Property Manager $135/month
Vacancy (5%) $63/month
Insurance $75/month
Taxes $80/month
Mortgage $425/month
Utilities:
Hydro $110/month
Gas $210/month
Water $170/month
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Hydro - $110/month
Gas - $210/month
Water - $170/month
Add all expenses together: 135 + 63 + 75 + 80 + 425 + 110 + 210 + 170
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Total Expenses: $1268/month
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Hydro - $110/month
Gas - $210/month
Water - $170/month
Add all expenses together: 135 + 63 + 75 + 80 + 425 + 110 + 210 + 170
Total Expenses: $1268/month
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Total Expenses: $1268/month
Profit:
Cash Flow: $82/month
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Hydro - $110/month
Gas - $210/month
Water - $170/month
Add all expenses together: 135 + 63 + 75 + 80 + 425 + 110 + 210 + 170
Total Expenses: $1268/month
Cash Flow: $1350 - $1268 = $82
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Total Expenses: $1268/month
Profit:
Cash Flow: $82/month
Cash Flow/Year: $984/year
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Hydro - $110/month
Gas - $210/month
Water - $170/month
Add all expenses together: 135 + 63 + 75 + 80 + 425 + 110 + 210 + 170
Total Expenses: $1268/month
Cash Flow: $1350 - $1268 = $82
Cash Flow Per Year: $82 x 12 = $984
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Total Expenses: $1268/month
Profit:
Cash Flow: $82/month
Cash Flow/Year: $984/year
$116,100 Mortgage = $425/month
The duplex does not have separate meters, therefore the owner has to pay the utilities
Hydro - $110/month
Gas - $210/month
Water - $170/month
Add all expenses together: 135 + 63 + 75 + 80 + 425 + 110 + 210 + 170
Total Expenses: $1268/month
Cash Flow: $1350 - $1268 = $82
Cash Flow Per Year: $82 x 12 = $984
This property pays $984/year cash flow. Based on this, I would need at least 30 properties to replace a $30,000 dollar income.
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Total Expenses: $1268/month
Profit:
Cash Flow: $82/month
Cash Flow/Year: $984/year
This is why cash flow analysis is so important!
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Total Expenses: $1268/month
Profit:
Cash Flow: $82/month
Cash Flow/Year: $984/year
This is why cash flow analysis is so important!
Imagine how Vancouver properties cash flow…..
Property that looks good, but isn’t
Property Price: $129,000
Down Payment: $12,900
Total Mortgage: $116,100
Income:
Rental Income: $1350/month
Expenses:
Total Expenses: $1268/month
Profit:
Cash Flow: $82/month
Cash Flow/Year: $984/year
This is why cash flow analysis is so important!
Imagine how Vancouver properties cash flow…..
I have a Vancouver house analyzed on my facebook group
Property that looks good, but isn’t
Property that looks good, but isn’t
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