Estimated Cash Flow
$723.00/ month
Asking Price
$363,900.00
Potential Rent
$2,600.00/ month
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TE299740 Grande Prairie
11114-88A St., Grande Prairie, AB

INVESTMENT OPPORTUNITY! This raised Bungalow has been meticulously cared for by its original owners! This bright & spacious 4 bedroom, 3 bathroom suited property comes with double the appliances, separate entry for your tenants and 2 x Hot water tanks! Live upstairs, rent the basement & allow the CASH FLOW to begin rolling in the minute you take possession. Situated on a corner lot with a double detached garage, this home is walking distance from IV Macklin & Holy Cross schools and allows for easy access to both all areas of the City! A Fantastic revenue property, book your viewing today!  City approved Legal Suite!

Mortgage Financing

Purchase Price
$363,900.00
Interest Rate
3.19 %
Down Payment
$72,780.00
Amortization
30 years
Total Mortgage
$291,120.00
Mortgage Payments
$1,257.00

Monthly Variables

Rent Price
Rent (Mainfloor)Rent (Basement)
$1,500/month$1,100/month
Property Management Cost
10 %
Calculated Vacancy Rate
5 %
Monthly Maintenance Allowance
$100.00
Annual Property Tax
$358.14
Monthly Insurance Cost
$100.00
Net Monthly Cashflow
$723.00
Appreciation
2 %

Additional Purchase Costs

Legal Fees
$2,000.00
Inspection
$500.00
Appraisal
$400.00
Total Purchase Costs
$2,900.00
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* Disclaimer

"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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Additional Purchase Costs

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Projected Appreciation 0 0 0
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