Financial information from the sale of this Triplex or Fourplex that SOLD in February, 2024

This property is located in Central Ottawa, with 4, 4-bedroom units. The property was listed for $3,495,000 and sold for $3,225,000.

  • Scheduled Rental Income was $228,360
  • Effective Rental Income was $221,509
  • Operating expenses of $48,101
  • Total Operating Expenses, with 10% for maintenance/management $70,252
  • Net operating income of $151,257
  • Cap Rate was 4.69%
  • Operating Expense Ratio was 31.7%
  • Sold for 15 times the Gross Income
  • Sold for 21 times the Net Income

financial analysis 4 unit building sold feb 2024


cap rate and roi on sold 4 unit feb 2024

With a 35% down payment of $1,128,750, this leaves a mortgage of $2,096,250. At a 5.2% rate, amortized over 25 years, the monthly mortgage payment would be $12,432, for an Annual Debt Service of $149,184 (this is the annual mortgage payment).

The final cash flow on this building was $2,073 and the ROI (return on investment) was 0.18%.