Financial information from the sale of this Triplex that SOLD in December, 2023

This property is located in East Ottawa, with three 2-bedroom units. The property was listed for $1,040,000 and sold for $1,010,000.

  • Scheduled Rental Income was $53,476
  • Effective Rental Income was $51,872
  • Operating expenses of $14,243
  • Total Operating Expenses, with 10% for maintenance/management $19,430
  • Net operating income of $32,442
  • Cap Rate was 3.21%
  • Operating Expense Ratio was 37.5%
  • Sold for 19 times the Gross Income
  • Sold for 31 times the Net Income

With a 60% down payment of $606,000, this leaves a mortgage of $404,000. At a 5.25% rate, amortized over 25 years, the monthly mortgage payment would be $2,537, for an Annual Debt Service of $30,444 (this is the annual mortgage payment).

The final cash flow on this building was $1,998 and the ROI (return on investment) was 0.33%.