Updated about 5 years ago on . Most recent reply
Duplex Calculations Analysis
OK Tell me if I am doing my numbers correctly.. I will calculate in US $ even though buying in Canada - since I think most of you are in US.
Legal duplex (2 separate 2 bedroom apartments)
Price $295k but I will try to get it for $250k-$260k
Rents now for around $1.2k and $1k = so about $2.2k in rent for both
Annual Expenses: insurance $800; mortgage $10,800 (2% fixed in Canada, $50k down $200k mortgage); misc repairs $2.5k a year; property tax $2k
Annual Profit: $26.4k
$26.4k-$16.1k = $10.3k (cashflow $850 a month)
Anything I am missing? seems like a good investment, no?