Estimated Cash Flow
$-1.00/ month
Asking Price
$260,000.00
Potential Rent
$1,200.00/ month
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PH840421 Kelowna

INVESTOR ALERT! UBCO STUDIO ASSIGNMENT. All other opportunities for this project are sold out.  Here's your chance to buy a coveted 312SF studio unit with expected completion end of August, beginning of September of 2018. Invest in the hot Kelowna growth market while capitalizing on the captive student rental market.

Vinyl plan flooring throughout, stainless steel kitchen appliances, insuite laundry closet (machines not included), 1 designated parking stall, balcony, walk to class, close to the airport, high efficiency Heating/Cooling. Rents are currently being advertised online for as much as $1200/month. UBCO is now at over 9,000 students registered annually with continued growth forecasted. The housing shortage there is real. Don't miss out on this one!

Mortgage Financing

Purchase Price
$260,000.00
Interest Rate
2.95 %
Down Payment
$52,000.00
Amortization
30 years
Total Mortgage
$208,000.00
Mortgage Payments
$871.00

Monthly Variables

Rent Price
Rent (Mainfloor)
$1,200/month
Property Management Cost
8 %
Calculated Vacancy Rate
1 %
Monthly Maintenance Allowance
$12.00
Annual Property Tax
$1,195.00
Monthly Insurance Cost
$30.00
Monthly Condo Fee
$80.00
Net Monthly Cashflow
$-1.00
Appreciation
3 %

Additional Purchase Costs

Legal Fees
$1,200.00
Inspection
$343.00
Land Transfer Fees
$3,200.00
Total Purchase Costs
$4,743.00

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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