Estimated Cash Flow
$356.00/ month
Asking Price
$354,900.00
Potential Rent
$2,395.00/ month
  • Property Details
  • Calculator
  • Inquire

XG119971 Edmonton
11615 88 ST

Location: Quick and convenient commute to NAIT, Royal Alexandra
Hospital and the downtown core.

Tenant Profile: Property will attract young working professionals and
stable families.

Buyer’s Expectations: The infrastructure built around the property
will provide greater ease at filling those vacancies and the size and
quality of the property will have them staying.

Bonus Value: This property is soon to be LEGAL, yes that’s right, a
fully LEGAL suite with a price tag you have to look twice at. Did I
mention it is also already a fully occupied income generating, money
printing machine?

Condition: This suited property offers you an upstairs that has been
loved and well maintained throughout the years. Basement suite has
been recently updated with quality finishes.

Mortgage Financing

Purchase Price
$354,900.00
Interest Rate
3.3 %
Down Payment
$70,980.00
Amortization
30 years
Total Mortgage
$283,920.00
Mortgage Payments
$1,243.00

Monthly Variables

Rent Price
Upper RentLower RentGarage Rent
$1,200/month$975/month$220/month
Property Management Cost
10 %
Calculated Vacancy Rate
5 %
Monthly Maintenance Allowance
$120.00
Annual Property Tax
$2,658.00
Monthly Insurance Cost
$95.00
Net Monthly Cashflow
$356.00

Additional Purchase Costs

No Additional Purchase Costs

Rent

Mortgage Financing

$
%
$
years
$
$

Monthly Expenses

%
%
$
$
$
$
$
$
%

Additional Purchase Costs

$
Year 1 5 10 30
Cash Flow 0 0 0
Projected Appreciation 0 0 0
Mortgage Paydown 0 0 0
Condo Fees ($) 0 0 0
Net Gain: 0 0 0
Return on Investment: 0 0 0

By entering your information and requesting an account on this site you are giving express permission to receive emails from Investor On Fire, Alberta On Fire, AREO and any of it's affiliates regarding company info, company announcements, changes to the website, product offerings, Economic updates, and newsletters. You are able to opt out of these emails by using the unsubscribe button at the bottom of each email.
Disclosure: Some links, referrals and agreements may be affiliate links, meaning at no additional cost to you, Investor LIfe Inc. may make a commission.
I/We agree that: InvestorOnFire operating from Professional Realty Group may receive a Referral Fee or Benefit for making this referral as a result of any future Purchase or Sale of a property, lease of a property, approved mortgage, completed by the Referred to brokerage.

I agree to terms and conditions listed above.