$225,000
1 / 31Property Details
Investment opportunity. This 14-unit apartment building generates approximately $130,000 per year gross income with operating expenses of approx. $19,000 this a great investment property with a very positive cash flow. The property is usually fully occupied. The owner only in the past couple of years installed metal roofing over the entire building. Located in the heart of Victoria close to school and in a good area. This property is presently financed with a financial institution, and the list price is less than a recently completed professional appraisal of the subject property. This is a great opportunity for an investment property. (id:66441)
Cost To Own
Down payment & monthly cost
Homes in a hot market often sell over asking. Model your winning bid, then adjust the financing to see the real cash to close and monthly carrying cost — including default insurance when you put down under 20%.
Your OfferAsking $799,999
$799,999
Over askingAt asking
Down Payment · 6.9%$55,200
Interest Rate5.25%
Amortization
Estimated Monthly Cost
$5,709
- Mortgage Payment
- $4,642
- Property Tax
- $567
- Insurance
- $150
- Utilities
- $350
Cash To Close
$55,200
- Down Payment
- $55,200
- CMHC Insurance (financed)
- $29,792
- Loan Amount
- $774,591
- Total Interest · 25 yr
- $617,925
Under 20% down requires CMHC default insurance, added to your loan. Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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