Looking into a Canadian triplex 30 minutes away from a major Canadian city. Priced at 190 but negotiable, the three units rent for 2k roughly each month. Needs about 15k in work. Would have low income tenants I'm assuming. I would be living 30 min away from property and can self manage and do paint, carpet, minor stuff. Paying all cash as I don't do loans for personal reasons. Expected yearly cash flow is 16k
What is your question? You can expect 40-50% of rent to go towards tax, insurance, operating and cap ex.