3 Units - Kitchener, ON
Return on Investment: 1,090%
Purchase Price: $182,000
Current Market Value: $400,000
Total Investment: $20,000 with CMHC (reclaimed through re-fi)
Cash Flow: $500 per month
Mortgage Paydown: $600 per month
The Opportunity: This property was well located and well built with the added benefit of a 2 car garage that has been rented out for storage. The purchase of CMHC insurance allowed me to purchase this property at 90% LTV allowing for significant leverage and thus a superior Return on Investment.