Commercial and residential TRIPLEX IN STE ADELE.

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Cost: $320000

Interest on $320k @ + - 5.45%  

MONTHLY INTEREST $ 1453 

YEARLY INTEREST $17440

Commercial income

$2000/month for 36 months

Residential income

$1400/month for 12 months

MONTHLY INCOME $3400 

YEARLY INCOME $40800

City taxes $4600

Insurance $ 500x12=$6000

Hydro $40x12=$480

Gardner/ snow removal $1500

MONTHLY EXPENSES $ 1050 

YEARLY EXPENSES $12580

Income $40800

expenses $12500

interest $17440

‎ 

MONTHLY REVENU $900 

YEARLY REVENU $10800

Plus Depreciation and Appreciation

CURRENT EVALUATION OF 

$500000

TOTAL COST 

$320000

EQUITY OF 

$180000

REFINANCING AT 70%

$350000

COMMERCIAL 

-Full insulation

-New electrical

-New plumbing

-New bathroom

-Lighting

RESIDENTIAL

-New Kitchen

-Full insulation

-New electrical

-New plumbing

-New bathroom

-Lighting

French drain  and front siding

-Electric Power Charging Station

-Camera security  system

PERMIT: 

Car dealership permit authorized by the city of Ste Adele

Potential of extra income for car dealer