Estimated Cash Flow
$280.00/ month
Asking Price
$352,000.00
Potential Rent
$1,850.00/ month
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OK115172 Vancouver

Waterfront 1 bedroom loft in New Westminster. Gorgeous loft living with hardwood floors, 1.5 baths, granite, all the niceties any renter would want. Charge top rents for this pet friendly unit with rental allowed in the building. Get into this undervalued market before the City of New Westminster Official Community Plan for the waterfront gets into full swing. Sit back and watch your investment grow in value while collecting your monthly cashflow.

Mortgage Financing

Purchase Price
$352,000.00
Interest Rate
2.5 %
Down Payment
$70,400.00
Amortization
30 years
Total Mortgage
$281,600.00
Mortgage Payments
$1,111.00

Monthly Variables

Rent Price
Rent (Mainfloor)
$1,850/month
Property Management Cost
0 %
Calculated Vacancy Rate
1.4 %
Monthly Maintenance Allowance
$37.00
Annual Property Tax
$1,458.76
Monthly Insurance Cost
$33.00
Monthly Condo Fee
$242.00
Net Monthly Cashflow
$280.00
Appreciation
3 %

Additional Purchase Costs

Legal Fees
$1,200.00
Appraisal
$300.00
Land Transfer Fees
$5,040.00
Total Purchase Costs
$6,540.00

Rent

Mortgage Financing

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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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