Estimated Cash Flow
$-461.00/ month
Asking Price
$895,000.00
Potential Rent
$3,600.00/ month
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GO765499 Kelowna

Negative cashflow and we're showing it as an investment property???   It's all about potential and maximizing your opportunity with this great property!!!

Potential to subdivide property into 2 side by side duplex lots without re-zoning. Services at lot line. Gently sloping lot lends itself to future walkout basements. Existing well maintained and fully tenanted side by side duplex. 3 bedrooms 1 bath with carports and large decks over looking green space. Lots of room for RV parking and to build a large workshop.

 

 

Suite Information

  • Suite
  • 1
  • 2
Bedrooms
3
Bathrooms
1
Garages
1
Tenanted
No
Bedrooms
3
Bathrooms
1
Garages
1
Tenanted
No

Single Family

Utilities
$0.00

Mortgage Financing

Purchase Price
$895,000.00
Interest Rate
3.19 %
Down Payment
$179,000.00
Amortization
30 years
Total Mortgage
$716,000.00
Mortgage Payments
$3,093.00

Monthly Variables

Rent Price
Rent (Left Duplex)Rent (Right Duplex)
$1,800/month$1,800/month
Property Management Cost
10 %
Calculated Vacancy Rate
5 %
Monthly Maintenance Allowance
$100.00
Annual Property Tax
$2,800.00
Monthly Insurance Cost
$95.00
Monthly Condo Fee
$0.00
Net Monthly Cashflow
$-461.00
Appreciation
3 %

Additional Purchase Costs

Legal Fees
$1,500.00
Inspection
$575.00
Appraisal
$350.00
Land Transfer Fees
$15,900.00
Total Purchase Costs
$18,325.00

Rent

Mortgage Financing

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%
$
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

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