12 Units - Kitchener, ON
Return on Investment: 205%
Purchase Price: $770,000
Current Market Value: $1,200,000
Total Investment: $210,000 (reclaimed through re-fi)
Cash Flow: $1,500 per month
Mortgage Paydown: $3,000 per month
The Opportunity: This property was located in a great residential neighbourhood walking distance to the regional mall. Building was in great condition and rents were well below market. Favorable financing was secured at prime +.50% which allowed for rapid mortgage paydown.