What price do I need to buy at for a positive cash-flow property in Greater Vancouver - Detached Home

The illustrious cash-flow positive position. The good news is that is can be very easily obtainable if you have an unlimited amount of cash to put down. However, since real estate investing is based on leveraging and using as little down payment as possible, that is the rule we will be following here. Lenders in Canada require a min 20% down payment for  asset purchases that are not your primary dwelling; therefore this will be the financial formula moving forward. We will be also assuming the following financing terms:

Lending rate of 2.2% on a 5-year fixed term
30 year amortization.

The intention of these examples are to give the entry-level investor an idea of what purchase price and revenue rate to cover basic tax and mortgage expenses. 

Example 1 - Detached Home - North Delta

Purchase Price: $1,150,000
Rental Revenue: $4,000
20% Down payment: $230,000
Gross Taxes: $325/month ($3,900)
Mortgage Payment: $3,493 ($920k)
Net Income: $182

if rental rate is only $3,000/month

Purchase Price: $1,150,000
Rental Revenue: $3,000 (with suite)
42% Down payment: $490,000
Gross Taxes: $325/month ($3,900)
Mortgage Payment: $2,506 ($660k)
Net Income: $169

20% Down payment: $230,000
Gross Taxes: $325/month ($3,900)
Mortgage Payment: $3,493 ($920k)
Net Income/loss: - $818

Example 2: Detached Home - Chilliwack

Purchase Price: $829,000
Rental Revenue: $3,400 (with suite)
20% Down payment: $165,800
Gross Taxes: $274month ($3,294)
Mortgage Payment: $2,518 ($663,200)
Net Income: $ 608

These is a simplified and approximate financial structure that does not include the following expense considerations: vacancy, maintenance and repairs