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Listings, College Ave Package
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This is a triplex listed at $119,900, mls # 280832
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277 Toronto |
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Annual |
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Revenue |
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Gross residential rent |
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$ 18,000 |
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Vacancy - 5% |
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(900) |
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Total revenues |
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$ 17,100 |
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Expenses |
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Repairs & Maintenance |
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$ 734 |
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Utilities |
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2,952 |
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Snow Removal and Grass Cutting |
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600 |
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Property Management - admin fee |
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1,710 |
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Property taxes |
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1,114 |
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Insurance |
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1,592 |
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Total expenses |
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$ 8,702 |
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Net cash flow before debt service |
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$ 8,398 |
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The 345 and 347 College is two duplexes, listed at $150,000. They are on two titles sold together or individually.
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345 College |
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Annual |
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Revenue |
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Gross residential rent |
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$ 14,256 |
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Vacancy - 5% |
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(713) |
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Total revenues |
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$ 13,543 |
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Expenses |
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Repairs & Maintenance |
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908 |
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Utilities - Electricity |
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1,010 |
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Utilities - Gas |
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2,900 |
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Utilities - Water |
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500 |
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Grass cutting and snow removal |
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600 |
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Property Management - admin fee |
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1,354 |
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Property taxes |
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639 |
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Insurance |
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992 |
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Total expenses |
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$ 8,904 |
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Net cash flow |
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$ 4,639 |
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347 College |
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Annual |
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Revenue |
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Gross residential rent |
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$ 12,600 |
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Utility recoveries |
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(630) |
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Total revenues |
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$ 11,970 |
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Expenses |
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Repairs & Maintenance |
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$ 2,470 |
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Utilities - Electricity |
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932 |
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Utilities - Water |
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650 |
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Outside maintenance - landscaping |
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600 |
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Grass cutting and snow removal |
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600 |
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Property Management - admin fee |
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1,197 |
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Property taxes |
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890 |
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Insurance |
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1,442 |
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Total expenses |
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$ 8,781 |
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Net cash flow |
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$ 3,189 |
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The combined information for the two is:
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345 and 347 College |
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Annual |
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Revenue |
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Gross residential rent |
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$ 26,856 |
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Vacancy - 5% |
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(1,343) |
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Total revenues |
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$ 25,513 |
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Expenses |
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Repairs & Maintenance, cleaning, supplies |
3,378 |
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Utilities - Electricity |
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1,943 |
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Utilities - Gas |
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3,550 |
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Utilities - Water |
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1,100 |
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Outside maintenance - landscaping |
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1,200 |
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Property Management - admin fee |
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2,551 |
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Property taxes |
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1,529 |
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Insurance |
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2,434 |
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Total expenses |
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$ 17,685 |
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Net cash flow |
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$ 7,828 |
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