Estimated Cash Flow
$213.00/ month
Asking Price
$399,000.00
Potential Rent
$2,400.00/ month
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WJ904381 Nanaimo

Income potential! This 4 bedroom, 2 bathroom single family is located in the University District of Nanaimo, BC where we are seeing new residential development.  There is potential for cash flow as well as active appreciation, as the house can be easily converted to contain a suite. There is already a kitchen and bathroom downstairs, so all you need to bring is a little sweat equity to make this a self contained one-bedroom suite!  The yard requires little to no maintenance as it is primarily gravel, with a small sloping hill that leads into woodlands. Close to amenities, the University, as well as the downtown core, keeping this house rented will not be an issue! All data and measurements are approximate and should be verified if deemed important.

Suite Information

  • Suite
  • 1
  • 2
Bedrooms
3
Bathrooms
1
Garages
1
Tenanted
No
Floor Space
965 Sq.Ft
Bedrooms
1
Bathrooms
1
Tenanted
No
Floor Space
665 Sq.Ft

Single Family

Utilities
Paid by Tenant

Mortgage Financing

Purchase Price
$399,000.00
Interest Rate
3.5 %
Down Payment
$79,800.00
Amortization
30 years
Total Mortgage
$319,200.00
Mortgage Payments
$1,433.00

Monthly Variables

Rent Price
Rent (Mainfloor)Rent (Basement)
$1,500/month$900/month
Property Management Cost
8 %
Calculated Vacancy Rate
5 %
Monthly Maintenance Allowance
$125.00
Annual Property Tax
$2,603.00
Monthly Insurance Cost
$100.00
Monthly Condo Fee
$0.00
Net Monthly Cashflow
$213.00
Appreciation
3 %

Additional Purchase Costs

Inspection
$500.00
Legal Fees
$1,500.00
Land Transfer Fees
$5,980.00
Other
$20,000.00
Total Purchase Costs
$27,980.00

Rent

Mortgage Financing

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$
years
$
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Monthly Expenses

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%
$
$
$
$
$
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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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