111 Cedar St Rental Investment Rev 2

Rental Property Investment

Detached Triplex house on large lot in Dunnville, Ontario

111 Cedar Street

The Opportunity

Solid brick triplex detached house with recent upgrades

Fully rented with long term tenants Current owner is restructuring his own

investment portfolio and offer great incentives for investors to take over this great investment

With less than $15,000 cash investment, you will get About 7.4 capitalization rate About 17% cash on cash

Return On Investment per year

Features of Property

Two storey brick triplex with separate meters 50x 130 ft lot Centrally located in Dunnville, Ontario

1 block to mid-town 0.5 block to river and park (Wingfield Public Park)

The apartments: 2 bedroom- upper – all new windows and bay window in

bedroom 1 bedroom on main level includes access to basement and

large front porch Bachelor on ground floor- private porch

Lots of parking spaces (about 10 cars) and nice big yard

Closer Look of the Property

Closer Look of the Property

The Deal

The selling price of the house is $189,000The seller offers a vendor take back

mortgage of 15% of the purchase price, at interest rate of 10%

You can invest in the property with only 5% down and no high ratio mortgage insurance

Financial Analysis – Net Operating Income

Monthly Annual Notes

Gross Rental Income:

Rent $1,595.00 $19,140.00Expenses:

Property Taxes $182.00 $2,184.00

Insurance $89.02 $1,068.20

Premium will vary based on provider

Water/Sewer -$ -$ Tenants PayGas -$ -$ Tenants PayElectricity -$ -$ Tenants Pay

Less Property Management 5% $79.75 $957.00Less Maintenance allowance 5% $79.75 $957.00Total Expenses $430.52 $5,166.20

Net Operating Income: $1,164.48 $13,973.80

Capitalization Rate (CAP Rate) 7.39%

$189,000.00111 Cedar Street Dunnville, Ont

Purchase Price:

Financial Analysis – Return on Investment

Financing for the Purchase:1st Mortgage

Mortgage Amount 80% $151,200.00Interest Rate 5%

Amortization years 352nd Mortgage (Vendor Take Back)

Mortgage Amount 15% $28,350.00Interest Rate 10%

Total Mortgage Amount $179,550.00

Purchase ExpensesLand Transfer Tax 1,615$ Purchase Legal fee 700$

Total Cash Investment $11,765.00

Return on Investment Analysis Monthly Annual

Net Operating Income $1,164.48 $13,973.80

Mortgage PaymentsMonthly 1st Mortgage Payment $759.92 $9,119.06

Monthly 2nd Mortgage Interest Payment $236.25 $2,835.00Total Monthly Mortgage Payments $996.17 $11,954.06Net Profit per year(before taking mortgage pay down and property appreciation) $168.31 $2,019.74Annual Return on Investment (ROI) 17%

Purchase Price: $189,000.00111 Cedar Street Dunnville, Ont

Details of Rental Income

Tenants pay for their own utilityMonthly rent from the apartments:

2 bedroom- upper $600 1 bedroom on main level $545 Bachelor on ground floor $450

Total monthly rental income $1595

Map of the property

Take Action Now

For further information contact: Cheryl at 1-877-255-1953 or 416-892-1953 or Email cherylkiko@yahoo.com