1 Bedroom Other     

# 103 1508 23 AV SW Bankview, Calgary, AB   T2T 5S3,
Calgary, T2T 5S3


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Bankview Manor is a stylish, condo building & is gorgeous inside and out. Featuring an open concept living area, hard wood floors, modern kitchen with granite counters, under mount sink, stainless steel appliances, finished w/ stunning glass tile back splash. The bedroom is a good size and the insuite laundry is a huge bonus. INVESTOR HOME RUN! Previous Rent= $1520. Down payment(20%)= $51,800. Mortgage payment(25 year, 3.19%)= $1001/month, property taxes= $76/month Insurance approx $20/month, Condo fees $200/month. THIS GIVES A POSITIVE CASHFLOW OF $223/month= $2676/year. The first year alone you have approx $2700 in positive cash flow plus $5524 in mortgage pay down. That's $8224 return on your $51,800 down payment which is MORE THAN A 16% RETURN ON YOUR INVESTMENT. After five years, using the same numbers you have $27,620 in positive cash flow and $29,454 in mortgage pay down. That's $57,074 returned on your $51,800. Investors can purchase this unit with up to 4 more with tenants in place.
Property Summary:
Category:Other
Bedrooms:1
Bathrooms:1
Garage:0
Amenities:
Shopping, Public Transit, Schools
Rating:
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    Warren Phipps
Warren Phipps
105-1410 11 AVENUE S.W. CALGARY, Alberta T3C 0M8
Office: 403-984-4404
Fax: N/A
Mobile: N/A

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