Financial breakdown from the recent sale of an 8 Unit Apartment Building in the Carlington Neighbourhood.

This property was a purpose built building in the West End of Ottawa, in the Carlington Neighbourhood and it gave the buyer a 2.7% return on their investment.

Carlington 8 Unit Building, Sold Aug 2017 

Selling Price $1,261,695
Scheduled Rental Income (SRI) $93,000
Effective Rental Income (ERI) $89,280
Total Operating Expenses (TOE) $29,328
Net Operating Income (NOI) $59,952
Capitalization Rate (CAP) 4.7%
Operating Expense Ratio (OER)  33%
Sales Price X Net Income 21
35% Downpayment $441,953
Mortgage (@ 3.25%) $819,742
Annual Debt Service (mortgage payments) $47,824
Cash Flow $12,128
Return on Investment (ROI) 2.7%

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