Financial information from the sale of this South Ottawa Triplex that SOLD in August, 2024
This property is located in South Ottawa, with one 1-bedroom unit, and two 2-bedroom units. The property was listed for $858,000 and sold for $840,000.
- Scheduled Rental Income was $53,063
- Effective Rental Income was $51,471
- Operating expenses of $12,787
- Total Operating Expenses, with 10% for maintenance/management $17,934
- Net operating income of $33,537
- Cap Rate was 3.99%
- Operating Expense Ratio was 34.8%
- Sold for 16 times the Gross Income
- Sold for 25 times the Net Income
With a 42% down payment of $352,800, this leaves a mortgage of $487,200. At a 4.7% rate, amortized over 25 years, the monthly mortgage payment would be $2,751, for an Annual Debt Service of $2,751 (this is the annual mortgage payment).
The final cash flow on this building was $525 and the ROI (return on investment) was 0.15%.