Hello Investors,
Lots of good opportunities hitting the market this week and specifically today. I have one option that will be sold this evening and a two others that just came to the market. The fourth one is interesting and I ran the numbers as if you were house hacking.
These weeks are the best time to buy, where there are lots of different options, not everybody attacking the same property.
Kind Regards,
Cam Cassidy, Real Estate Investor and Broker
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Upcoming workshops
Saturday, September 28th: 10:30am – 1pm (lunch on me to follow)
Saturday, October 19th: 10:30 am – 1pm (lunch on me to follow)
Saturday, November 9th: 10:30am-1pm (lunch on me to follow)
> Limited spots, please contact me for availability and to reserve your spot
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Enjoy these emails? Please leave me a review! Click here to leave review | |  | 96 Thornton Rd S – $449,000
As I mentioned this house will be sold tonight as it has three registered offers on it. Absolutely endless options with this house though, it sits directly across from the Trent University campus in Oshawa that is expanding, its a house house with an extension on it giving you 4 exciting bedrooms, 2 bathrooms, and 2 living rooms. The basement has great ceiling height and you could put another 2/3 bedroom legal suite in there. The numbers aren’t the best, but this house has endless potential. Here is the listing
List Price $450,000
Purchase Price $470,000
Renos Cost. $113,000
After Repair Value $625,000
Capital Needed $228,804
Capital Left In Deal $104,804
Monthly Rent $3,325
Monthly Exp $3,041
Cashflow after refi $284
Cap Rate 4.58%
Avg Annual ROI 14%
Profit after 5 Yrs $72,716
Here is the detailed financial sheet | |  | 451 Loring St – 439,900
This is in Donevan area, solid bungalow that is ready to be turned into a legal 2-unit. Here is the listing
List Price $439,900
Purchase Price $430,000
Renos Cost $113,000
After Repair Value $600,000
Capital Needed $219,101
Capital Left In Deal $83,101
Monthly Rent $3,075
Monthly Exp $2,920
Cashflow after refi $155
Cap Rate 4.34%
Avg Annual ROI 15%
Profit after 5 Yrs $62,779
Here is the detailed financial sheet | |  | 77 Melrose St – 489,000
This is a great house on a nice street in Oshawa and its already a legal 2-unit. The basement apartment isn’t the greatest, it only uses half the basement so you may want to rework it and one could argue the kitchen upstairs needs to be replaced. Its a tricky one, because you are paying a premium for the legal certificate and it still needs some work. Here is the listing
List Price $489,900
Purchase Price $490,000
Renos Cost $33,900
After Repair Value $590,000
Capital Needed $154,555
Capital Left In Dea $74,555
Monthly Rent $3,175
Monthly Exp $2,776
Cashflow after refi $399
Cap Rate 4.41%
Avg Annual ROI 21%
Profit after 5 Yrs $76,524
Here is the detailed financial sheet | |  | 292 Vancouver St – 459,900
This is a semi-detached legal 2 unit that is in pretty good shape upstairs, the basement is only renting for 900 a month unfortunately and I haven’t enquired about vacant possession yet. I love the semi-detached play, you get a reduced price, reduced property tax, and rents are almost identical. I decided to do something a bit different with the numbers here, I used 5% down as if somebody were moving into the upper unit. The basement would cover 1300 dollars a month worth of expenses so your ‘cashflow’ is what you would have to pay each month. ($1343) Here is the listing
List Price $459,000
Purchase Price $450,000
Renos Cost $0
After Repair Value $450,000
Capital Needed $49,500
Capital Left In Deal $49,500
Monthly Rent $1,300
Monthly Exp $2,643
Cashflow after refi- $1,343
Cap Rate 1.81%
Avg Annual ROI 10%
Profit after 5 Yrs $23,567
Here is the detailed financial sheet | | | Enjoy these emails? I would greatly appreciate a review! Click here to leave review | | | |
