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
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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."

Rent

Mortgage Financing

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Monthly Expenses

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Additional Purchase Costs

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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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