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List Price
$1,799,000

LIVE IN THIS PROPERTY FOR AS LOW AS
$2500
PER MONTH
Why we love it.
Live in one of the upper units and rent out the other two.
This property checks so many boxes. To start with, it is ideally located and has a fantastic 23' x 123' lot. The interior is in excellent condition with only minor updates needed to maximize rents. The ability to add a Laneway Suite provides the owner an opportunity to live completely mortgage free while generating nearly $10,000 per month in passive rental income. This is a home that can grow with the needs of it's owners and can be converted back into a single family at any time.
BY THE NUMBERS
Property details & financials.
Monthly Mortgage
$6,800
Monthly Taxes & Utilities
$1000
Monthly Rental Income
$5300
Total Monthly Carrying Costs
$2500
% Of Mortgage Covered by Rent
78%
Property Details
Property Type
Semi-Detached
Bedrooms
5
Bathrooms
4
Lot Size
23 x 123
ADU Potential?
Yes
Total Rent Collected After 5 Years
$318,000
With ADU Addition
(If Qualified)
Loan Amount
$400,000
Monthly Loan Payment
$2,200
Monthly Rental Income
$4,200
Monthly Cashflow
$2,000
Mortgage is based on a 20% downpayment with a 30 year amortization and a 4.1% rate. ADU financing is based on the same terms and a build cost of $400 per square foot.
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