Financial Analysis, East Ottawa Triplex Sold June 2024
Publicado 2024-07-04
The property was listed for $1,038,000 and sold for $975,000.
Scheduled Rental Income was $61,920
Effective Rental Income was $60,062
Operating expenses of $17,332
Total Operating Expenses, with 10% for maintenance/management $23,338
Net operating income of $36,724
Cap Rate was 3.77%
Operating Expense Ratio was 38.9%
Sold for 16 times the Gross Income
Sold for 27 times the Net Income
With a 46% down payment of $448,500, this leaves a mortgage of $526,500. At a 4.89% rate, amortized over 25 years, the monthly mortgage payment would be $3,029, for an Annual Debt Service of $36,348 (this is the annual mortgage payment).
The final cash flow on this building was $376 and the ROI (return on investment) was 0.08%.
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