RENTAL INCOME

Rental Suite    Current Market Rent

1 Bed               1800

2 Bed                2400

3 Bed                2850

OWNER OCCUPIED ( 3 BEDROOM )

INCOME & EXPENSE STATEMENT 3BR
   
INCOME  
Main House 3 Bedroom ($2850/ Month) Utilities InclOwner Occupied
Basement 1 Bed/ Bachelor ($1800/Month) Utilities Incl$21,600.00 
New Addition 2 Bedroom ($2400) + Utilities$28,800.00 
   
Total Income $50,400.00
   
EXPENSES  
Mortgatge Payment P&I ($4557.67/Month)$54,692.04 
Property Taxes$12,000.00 
Utilities $300/month$3,600.00 
Insurance$3,600.00 
Total Expenses $19,200.00
   
NET INCOME $31,200.00
   
Mortgage is Calculated 4.79%, OAC 25 Year Amortization
MORTGAGE AMOUNT $800,000  
Payment $4557.67 

OWNER OCCUPIED ( 2 BEDROOM )​

INCOME & EXPENSE STATEMENT
   
INCOME  
Main House 3 Bedroom ($2850/ Month) Utilities Incl$34,200.00
Basement 1 Bed/ Bachelor ($1800/Month) Utilities Incl$21,600.00 
New Addition 2 Bedroom ($2400) + UtilitiesOwner Occupied 
   
Total Income $55,800.00
   
EXPENSES  
Mortgage Payment P&I ($4557.67/Month)$54,692.04 
Property Taxes$12,000.00 
Utilities $300/month$3,600.00 
Insurance$3,600.00 
Total Expenses $19,200.00
   
NET INCOME $36,600.00
   
Mortgage is Calculated 4.79%, OAC 25 Year Amortization
MORTGAGE AMOUNT $800,000  
Payment $4557.67 

OWNER OCCUPIED ( 1 BEDROOM )​

INCOME & EXPENSE STATEMENT
   
INCOME  
Main House 3 Bedroom ($2850/ Month) Utilities Incl$34,200.00
Basement 1 Bed/ Bachelor ($1800/Month) Utilities InclOwner Occupied 
New Addition 2 Bedroom ($2400) + Utilities$28,800.00 
   
Total Income $63,000.00
   
EXPENSES  
Mortgage Payment P&I ($4557.67/Month)$54,692.04 
Property Taxes$12,000.00 
Utilities $300/month$3,600.00 
Insurance$3,600.00 
Total Expenses $19,200.00
   
NET INCOME $43,800.00
   
Mortgage is Calculated 4.79%, OAC 25 Year Amortization
MORTGAGE AMOUNT $800,000  
Payment $4557.67 

PURE INVESTMENT PROPERTY

INCOME & EXPENSE STATEMENT
INCOME
Main House 3 Bedroom ($2850/ Month) Utilities Incl$34,200.00
Basement 1 Bed/ Bachelor ($1800/Month) Utilities Incl$21,600.00
New Addition 2 Bedroom ($2400) + Utilities$28,800.00
Total Income$84,600.00
EXPENSES
Mortgage Payment P&I ($4557.67/Month)$54,692.04
Property Taxes$12,000.00
Utilities $300/month$3,600.00
Insurance$3,600.00
Total Expenses$19,200.00
NET INCOME$65,400.00
Mortgage is Calculated 4.79%, OAC 25 Year Amortization
MORTGAGE AMOUNT $800,000
Payment $4557.67
 

Address

Design Studio:

By Appointment Only

891 Guelph St, Unit A106, Kitchener, ON N2G2P3, Canada

Phone

RIZ + 1 (519) 760 2224
FAIZAL + 1 (519) 729 9445

Email

info@welcomehome.construction

Qualify For Financing with a $15,000 Deposit

Application Below