See how much this buyer is making on this investment.
Below we give you the financial information on this sale of a 6 unit property. This one had 8 offers and sold for a good bit over the asking price. We see this happening all the time right now.
Great time to sell your income property, condition no option !!
West End Ottawa
|Scheduled Rental Income (SRI)||$67,984|
|Effective Rental Income (ERI)||$65,944|
|Total Operating Expenses (TOE)||$25,664|
|Net Operating Income (NOI)||$40,280|
|Capitalization Rate (CAP)||4.7%|
|Operating Expense Ratio (OER)||39%|
|Sales Price X Net Income||21|
|Mortgage (@ 4.8%)||$557,375|
|Annual Debt Service (mortgage payments)||$38,143|
|Return on Investment (ROI)||+0.7%|
Other: Very busy road, limited revenue upside, deferred maintenance