PROFORMA
Kingston Triplex
Cash Flow Zone Ratio: 6%
0.6% – 1% Rule: $270k – $450k
TOTAL INVESTMENT
| Purchase Price | $529,000 |
|---|---|
| Mortgage Amount | $423,200 |
| Down Payment Required | $105,800 |
| Purchase Costs | $16,730 |
| Total Cash To Close | $122,530 |
| TOTAL INVESTMENT | $122,530 |
Estimated Monthly Cash Flow
| Rental Income (Total) | $2700 |
|---|---|
| First Mortgage Payment | $2822 | Second Mortgage Payment | $0 | VTB Payment | $0 |
| TOTAL DEBT FINANCING | $2822 |
| Property Taxes | $393 |
| Insurance | $250 |
| Property Management | $216 |
| Vacancy Allowance | $216 |
| Repairs and Maintenance Allowance | $216 |
| TOTAL RENTAL EXPENSES | $1058 |
| ESTIMATED MONTHLY CASH FLOW | -$1396 |
YOUR PROJECTED INVESTMENT RESULTS
| Annual Cash Flow | -$16746 |
|---|---|
| Principal Reduction after 5 Years | $40,648 |
| Appreciation in 5 Years (est. at 5%/yr) | $146,153 |
| ROI after 1 year | 15.9% |
| ROI in 5 years | 160.7% |
MORTGAGE DETAILS
- prime as of Dec. 14, 2022: 6.45%
- amortization: 25 years
- term: 5 years
ALTERNATIVE FINANCING
- Rent to Own (4% Down Payment required)
- Zero Down Payment (Deposit and Closing Costs required)
UPSIDE POTENTIAL
- Decreased interest rate to 3% will decrease debt servicing and increase the cash flow
BENEFITS
- legal fees: $1k Rebate
- Free Report on Neighborhoods’ of Growth, Decline & Migration
- We can find a local property management company to manage your investment
RECOMMENDATION
- Deals are created and not found! This property isn’t maximizing it’s revenue potential and could be a diamond in the rough. Call Us mastermind how to increase the cashflow and profits of this mismanaged property!
CLICK HERE to Purchase or Joint Venture.
The aforementioned proforma is based upon several assumptions not limited to; a subprime mortgage isn’t required, prime rate current as of Dec. 14th, 2022 legal fee estimated, insurance fee estimated, repairs estimated, etc.)
The onus is on the buyer to seek their own legal, tax and accounting advice before purchasing any property and to conduct their own due diligence. Moreover, buyers and sellers indemnify REICO and iPro Realty Ltd., it’s officers, directors, representatives, etc. for any and damages or costs incurred that is the result of any real estate transaction. This is not a solicitation to invest.
City: Kingston
Country: Canada
Property Id: 30617
Price: $ 529,000
Structure Type: steel
Floors No: 1
99 / Walker's Paradise more details here 
