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
|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|
|Mortgage (@ 3.25%)||$819,742|
|Annual Debt Service (mortgage payments)||$47,824|
|Return on Investment (ROI)||2.7%|
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