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106 32040 Tims Abbotsford, BC.
Best Priced 2 Bedroom Condo in Abbotsford! First floor north facing with enclosed private deck! Upgraded laminate flooring and move in ready. Condo is 2 beds and 1 is 998 sqft with classic
kitchen. Located within walking distance to 5 shopping centers: Freshco, West Oaks Mall, Library and parks in the neighborhood of West Abbotsford/Clearbrook. Balcony enclosed with glass windows allowing year round extra living space, relax or grow your herb garden! Laundry room with side-by-side washer & Dryer, more storage including room for a stand-alone freezer.
This building offers amenities including a elevator, kitchen/social space, a games room, shuffleboard & gym equipment, and a carpenter workshop! Secured underground parking with 1 LONG parking space included
Great Investment: POSITIVE CASH Flow at 100% Financing
a 2 bedroom at $270,000.
Rental for this unit is about $2,000/mnth
- Strata costs $471/mnth
- Taxes =$100/mnth = $1429 profit per month
At Personal Mortgage Rate
A $270,000 mortgage of full price at 4% rate $1,420.25 payments with
Interest costs of $882.50/month
Net profit of $537.50/ month (payments on principal) =$6,450/year PLUS inflation!
Investors Mortgage Rates
A $270,000 mortgage of full price at 4.79% rate $1,538.21 payments
Interest costs of $1,056.75/month and $481 ON THE PRINCIPAL/month.
Net profit of $537.50/ mnth (payments on principal) =$6,450/year PLUS inflation! n
10 years later Principal paid 270,000 - $188,291 = 81,709 Equity
Inflation at 6% = 483,529 - 270,000 = 213,529 Inflation
Total return in 10 years =$295,238
If you finance with 20% down from your home equity you would get 4%
The owner needs to be 55 the tenants can be any age.
SEE Movie above
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