11817 229th St, Maple Ridge – vancouver real estate

11817 229th St, Maple Ridge

Sale price Price $899,900.00 Regular price

Welcome to an absolute gem in Maple Ridge. This home is completely updated allowing the passive investor maximum rents and the ability to select premium renters. The updated kitchen gives the open-concept functionality of contemporary new construction. 3 bedrooms upstairs and 2 bedrooms down. Design of the suite allows the flexibility of a 1 or 2-bedroom suite.  New roof, new interior door, flooring, floorboards, paint inside and out. All new kitchen; cabinets, tile floors, S/S appliances, and center island with bar seating. A/C. Covered deck and private backyard. $4k total revenue. 

 

20% downpayment  - $180k - $3,083 monthly payments - less taxes = $514/month positive cash flow
30% downpayment - $270k - $2,698  monthly payments - less taxes = $900/month positive cash flow.
 *based on 2.10 interest rate, 25yr amortization
Taxes are $4,838/yr. $406/month.
Lot Size: 7314 sq ft
Total Fin Sq Ft: 1,279(main) + 1,002 (below) = 2,281