Comparing 2 Sandy Hill Income Properties that Sold in Aug. 2019
Both of the properties in this months video are from the same neighbourhood and both of them had 4 apartments in them. You can see that some of the numbers are very different.
The first building shows a Cap Rate of 2.6% while the other has a 4% Cap. The cash flow on the first is negative 10,000 per year, while the second property has a positive cash flow of $6000. This is based on both buyers putting down a 35% downpayment.
Have a look at all of the Income Properties currently for sale