Investment Golden Boy - 4.5% CAP RATE - 2br, 1bath - Port Coquitlam

Sale price Price $421,000.00 Regular price

Amazing Neighbourhood, Walking Distance To Shopping, Schools, Parks And Restaurants. Huge Walk-In Closet And Vaulted Ceiling In Master - Lots Of Room For Shelves And Storage. Very Roomy And Comfortable. Market Rent Is ~$2000. Close To Coquitlam Skytrain And West Coast Express. Secured Underground Parking Stalls. Pets And Rentals Allowed

Rental Report

Rental Report - This report comes in a bit more aggressive than I had thought. Could be the newer condos that pushes the neighbourhood rental rate. My thoughts were in the $1750-1,900 range. I have been told there is a 2BR unit in the building renting for $2,000. Additional parking for $5/month; many spots available.

Property Report

Property: 2br, 2bath. 800 sq ft. Build 1982. Address 1948 Coquitlam Ave, Port Coquitlam. Asking $421,900

Property Report - email for 12 page property report

BONUS ...... 1st 2.5yrs - Seller pre-pays $10,000 of strata fees!

Revenue: $2,000
Less: Expenses
Mortgage $340k: $1,981 ($260k): $1,511
Monthly Strata Fee : $327(PRE-PAID)
Taxes $1,033/yr: $86
Total Expenses: $2,067 $1,597
CAP RATE: (NOI: 22,968) 5.4%

After 2.5yrs

Revenue: $2,000
Less: Expenses
Mortgage $340k: $1,981 ($260k): $1,511
Monthly Strata Fee : $327
Taxes $1,033/yr: $86
Total Expenses: $2,391 $1,924

CAP RATE (NOI = $19,044): 4.5%

Link to Mortgage Calculator to play with #'s, mortgage down payments etc

* all calculations are estimates and are used for illustrative purposes only.