| Purchase price: |
$ 379,900 |
| Down payment: |
$ 100,000 |
| Mortgage amount: |
$ 279,900 |
| CMHC: |
$ 0 |
| Property transfer tax: |
$ 5580 |
| Improvement expense: |
$ 10,000 |
| Total investment: |
$ 115,580 |
| Monthly mortgage payment: |
$1065 |
| Monthly property taxes: |
$370 |
| Total monthly expenses: |
$1435 |
| Monthly rental income: |
$1700 |
| Monthly cash flow: |
$265 |
| Annual cash flow: |
$3180 |
| Conservative market increase: |
1.5% on $379,900 = $5699 |
| Return on Investment: |
$5699 + $3180 = $8879 |
| Actual ROI on investment: |
$8879 / $115,580 = 7.7% ROI |
| |
|
| Variable: |
|
| What if market increased by: |
2.5% |
| CMI 2.5%: |
$9475 + ($3180) = $12,655 / $115,580 = 10.9% ROI |
