Using the Example Below

Current Situation          Potential Addition

MV 477                           MV 477+270=747 using 7.5% cap rate

Mtg 385                          Mtg 385+185

Equity 92                        Equity 177K

 

Reason for the 200K rental unit income 1500/month

So 1500X12=18000

10% cap rate 180K value increase

5% cap rate 360K value increase

All Examples Above are Based on 15x28 Addition on a current 1100 Sq Foot home Current value of the home is $477,000 Mortgage Owing $385,000 current payment is $1927.40 Mortgage After Addition 385+185=570 new mortgage after addition New mortgage payment $2845.84 Mortgage Amount for Just New Addition Rate 3.5% OAC 25 Year Amortization 5 year fixed term
[wpgmza id=”1″]

Address

By Appointment Only

891 Guelph Street

Unit A106 Kitchener, ON    Canada

Phone

RIZ    519-760 2224
FAIZAL 519-729 9445

Email

info@welcomehome.construction

Qualify For Financing with $10,000-15,000 Deposit

Application Below

    [wpgmza id=”1″]