Financial information from the sale of this South-East Ottawa 4-Plex that SOLD in July, 2023
This 4-Unit property is located in South-East Ottawa, with three 1-bedroom units and 1 2-bedroom unit.The property was listed for $409,000 and sold for $375,000.
- Scheduled Rental Income was $35,088
- Effective Rental Income was $34,035
- Operating expenses of $8,048
- Total Operating Expenses, with 10% for maintenance/management $11,452
- Net operating income of $22,584
- Cap Rate was 6.02%
- Operating Expense Ratio was 33.6%
- Sold for 11 times the Gross Income
- Sold for 17 times the Net Income
With an 18% down payment of $67,500, this leaves a mortgage of $307,500. At a 5.5% rate, amortized over 25 years, the monthly mortgage payment would be $1,877, for an Annual Debt Service of $22,524 (this is the annual mortgage payment).
The final cash flow on this building was $60 and the ROI (return on investment) was 0.09%.
