$144,500 Brantford, ON
Investment property.1030 sq’ townhouse.
with 25% down (to avoid CHMC insurance) has a positive cash flow.
Care-free property management & secure Rental Pool in place.
It translates to zero “plugged toilet” phone calls, plus constant income,
regardless whether the unit is, or is not rented out at the time.
Numbers to crunch:
rent $11,640
expenses:
tax $1,464
admin/condo fees $2,592
NET monthly INCOME $635
file 0085...$144500 Investment property w/positive cash flow & care-free
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Wednesday
1 comments:
Not to distract from the above lengthy 'comment', but I just have one question; What do you mean by "to avoid CMHC insurance?" How does putting 25% make a difference? or is this a uniquely Canadian thing?
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