This month we are looking at the financials from the sale of a smaller Triplex in the South end of Ottawa

The building below sold just last month for slightly over the asking price, and with a 35% down-payment the buyer has a positive cash-flow as well as a decent Cap Rate of 4%.

Bank/Heron Triplex, Sold May 2019
Listed Price $679,900

Selling Price $680,000
Scheduled Rental Income (SRI) $415,580
Effective Rental Income (ERI) $40,333
Total Operating Expenses (TOE) $12,977
Net Operating Income (NOI) $27,356
Capitalization Rate (CAP) 4%
Operating Expense Ratio (OER) 32%
Sales Price X Net Income 25
35% Downpayment $238,000
Mortgage (@ 3.7%) $442,000
Annual Debt Service (mortgage payments) $25,101
Cash Flow $2,255
Return on Investment (ROI) 0.9%

If you are looking to either buy or sell any type of income and investment property, get in touch, or have a look at our current inventory of Income Properties for sale