Estimated Cash Flow
$-42.00/ month
Asking Price
$519,900.00
Potential Rent
$2,050.00/ month
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DR714407 Nanaimo
461 Machleary Street, Nanaimo, BC

Incredible investment opportunity! Legal full-stratified up/down duplex boasts a generous 3 bedroom/1 bathroom suite upstairs and a spacious 2 bedroom/1 bathroom suite downstairs. Fully renovated and updated with incredible sound-proofing 10' ceilings and massive windows fill the units with warm natural light. Enjoy the beautiful views of Mt Benson and manicured and landscaped yard. A no-thru road ensures a quiet neighbourhood as well. Fully tenanted with great tenants. Rents can be increased easily to $1400 up and $1100 down. Downstairs tenant is leaving the end of Nov.

Multi Family

Utilities
$0.00
Number of Suites
2

Mortgage Financing

Purchase Price
$519,900.00
Interest Rate
2.6 %
Down Payment
$103,980.00
Amortization
30 years
Total Mortgage
$415,920.00
Mortgage Payments
$1,662.00

Monthly Variables

Rent Price
Rent (Mainfloor)Rent (Basement)
$1,100/month$950/month
Property Management Cost
0 %
Calculated Vacancy Rate
1 %
Monthly Maintenance Allowance
$50.00
Annual Property Tax
$3,711.00
Monthly Insurance Cost
$50.00
Net Monthly Cashflow
$-42.00
Appreciation
4 %

Additional Purchase Costs

Legal Fees
$1,500.00
Total Purchase Costs
$1,500.00
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"This document has been developed as an information resource, for illustration purposes only. This information has been obtained from various third-party sources. While Investor Life Inc. believes the information provided by the various third-party sources is reliable, the information has not been independently verified, and no representation or warranty is made as to the accuracy or completeness of such information. No person should act specifically on the basis of the material contained herein without considering and taking professional advice. By their nature, estimates of rents, expenses or ROI could differ materially from those that have been estimated. Investor Life Inc. makes no guarantees or warranties regarding the future value of real estate or cash flow, full diligence is still required by any user."

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Mortgage Financing

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Additional Purchase Costs

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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
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