Financial information from the sale of this East Ottawa Triplex that SOLD in June, 2024
This property is located in east Ottawa, with one 1-bedroom unit and two 2-bedroom units. The property was listed for $1,038,000 and sold for $975,000.
- Scheduled Rental Income was $61,920
- Effective Rental Income was $60,062
- Operating expenses of $17,332
- Total Operating Expenses, with 10% for maintenance/management $23,338
- Net operating income of $36,724
- Cap Rate was 3.77%
- Operating Expense Ratio was 38.9%
- Sold for 16 times the Gross Income
- Sold for 27 times the Net Income
With a 46% down payment of $448,500, this leaves a mortgage of $526,500. At a 4.89% rate, amortized over 25 years, the monthly mortgage payment would be $3,029, for an Annual Debt Service of $36,348 (this is the annual mortgage payment).
The final cash flow on this building was $376 and the ROI (return on investment) was 0.08%.