Triplex under contract do you like the idea!?
Hi i need some feedbacks on this deal.
I buy a triplex of 6 1/2 side to side from year 2018. So its brand NEW and i still got 4 years to move up the rent.
Each units have 2 rooms one complet bathroom second floor. And one room and familly room basement.
The deal price is 711 500$
Income 46200$/year
Taxes total 6200$/year
Expenses snow and grass 800$/year
I dont know how to budget vacancy.
Insurance 2400$/year.
Taxe bienvenue 11280$
3 cabanons includ.
2 parking each.
Balcony and small back yard.
Cashdown on 144000$
Loan 569200$ on 2 years fixe at 2.69% on 30 years amortissement.
So do you guys like this??
But the original plan is the subdivision units. And to sell them after building a bathroom in basement to make it convinien. Bathroom guess 5k each expenses for the selling plan.
That kind of house selling around 250k to 300k in town.
Estimate sell 285k