Price: $151,000
Closing costs:$3,663
Total Price: $154,663
Rents: $1,950/month*0.9=$1,755
Utilities/Cables: $200
Management fee: $219
Taxes: $158
Insurance: $20
Strata fees: $215
Repairs: $100
Net rent per month: $843
Net rent per year: $10,116
Cap rate: 6.5%
Mortgage: $113,250
Mortgage interest per year(2.8%): $3,171
Down payment + closing costs: $41,413
Interest on down payment + closing costs(3%): $1,243
Total interest per year: $4,414
Net profit: $5,702
Net return on down payment + closing costs: 13.7%
Principal pay down: $2,039
Net cash flow: $3,663
Net cash flow per month: $305
