Financial information for this 6-Plex that SOLD in June, 2024
This 6-unit property is located in Central Ottawa, with six 3-Bedroom Units. The property was listed for $1,300,000, and sold for $1,170,000.
- Scheduled Rental Income was $94,980
- Effective Rental Income was $92,131
- Operating expenses of $35,042
- Total Operating Expenses, with 10% for maintenance/management $44,255
- Net operating income of $47,876
- Cap Rate was 4.09%
- Operating Expense Ratio was 48.0%
- Sold for 13 times the Gross Income
- Sold for 24 times the Net Income
With an 41% down payment of $479,700, this leaves a mortgage of $690,300. At a 4.89% rate, amortized over 25 years, the monthly mortgage payment would be $3,971, for an Annual Debt Service of $47,652 (this is the annual mortgage payment).
The final cash flow on this building was $224 and the ROI (return on investment) was 0.05%.