Financial Analysis 83 Beverley Street, Kingston, ON K7L 3Y7
Financial Analysis with the following assumptions • $735k purchase price • 20% down • 5.79% fixed interest on 5 year term • 30 year amortization • $1100/bedroom so $4,400 revenue/month or $52,800 revenue/year • $1,130/month expenses (including High speed internet, utilities, property taxes, insurance) or $13,561/year • So NOI would be approx. $39,239/year • CAP Rate is 5.3% • Cash flow per month is -$176
*Note: I did not include any costs to update roof etc. nor any purchase costs such as Lawyer cost or Land Transfer Tax…no municipal Land Transfer Tax in Kingston so on a $735k purchase price you would pay $11,175. *Note, all illustrations were copied from a previous listing with a $735K sale price, which is why this number is used here…although it doesn’t reflect the list price of $749,900 or what the Seller would accept, in the interest of time, and getting an illustration to you, that number was copied. $735K is 98% of the list price so it still offers a helpful illustration. If you would like numbers run at a different price, please let me know and we are happy to do that for you.
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Not intended to solicit clients already under contract. Buyers to confirm accuracy of all information.
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