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Rental Income - Expense
$ 2,500 x 10 = $25,000
(estimate 2 months Vacancy)
= $25,000 per year
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Rental Income - Expense
$25,000 - $24,400
= $ 600 per year
Or $ 50 per month
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Or, another way:
$500,000 investment
= $ 600 per year
Or 0.12% cashflow
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Resale Factor -
Bridgwater has 200 listings
Resale value in 5-10 yrs?
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Another Example
Home in East Winnipeg
1200 sq ft 3BR
Large Dbl Garage
$240,000
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Let’s Do The Math
$240,000 x 3.5% Interest
= $ 8,400/year
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Let’s Do The Math
Property Taxes
approx: $1,800/year
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Let’s Do The Math
Property Insurance
approx: $1,200/year
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Add Them Up:
$ 8,400 (Interest) +
$ 1,800 (Property Taxes) +
$ 1,200 (Prop. Insurance)
= $11,400 year
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Rental Income - Expense
$1,350 x 11 month
= $ 14,850
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Rental Income - Expense
$ 14,850 - $ 11,400
= $ 3,450 per year
Or $285 per month
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Or, another way:
$ 240,000 investment
= $ 3,450 per year
Or 1.45% cashflow
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What’s Your Timeline?
1. Decide on Price Range
2. Get Pre-Approved
3. Down Payment Ready
4. Hire Your REALTOR
5. Go shopping
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Do you need?
Home Insurance? Lawyer?
Property Management Co?
Painter? Renovator?
Call me for a referral
204-333-2202