All Forum Posts by: Account Closed

@Chris Eaker 

Thanks for the reply, the 200-400 does include, repair and maintenance costs which i calculated at 5%, i also calculated vacancy at 5%, taxes and insurance have also been calculated. In terms of the other potential costs you have mentioned everything has been included, fortunately here in canada we have city provided trash pickup. 

I have been looking to purchase a rental property for quite some time now and might have found one that is reasonable, after all the numbers are crunched the property I found, which is a triplex, in a reasonable neighbourhood and in good condition would cash flow between 200-400 per month, while I thought this was low I also came up with a 17% return on the property if I were to hold it for 5-7 years, what other figures should I be looking at in purchasing my first rental property? Any advice is greatly appreciated !