Investors guide

Page 11

Example of choosing the right property Condo income Property

Condo income Property

Purchase price $215,000 Down payment 21,500 P&I 813.87 Insurance 50.00 Property tax 269.87 Condo Fees 300.00 Loan insurance 16.28 Total cost/month $ 1450.00

Purchase price $215,000 Down payment 21,500 P&I 736.05 Insurance 50.00 Property tax 269.87 Condo Fees 200.00 Loan insurance 16.28 Total cost/month $ 1350.00

Rental Income

Rental Income

Cash flow ROI

$ 1350.00

--$ 100.00 -5%

(Return on investment)

905-683-2100 or 416-298-8200

Cash flow ROI

3

$ 1350.00

$0.00 0%

(Return on investment)

Kirk Rickman & Victoria Carter


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