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> Cash King: $586 Per Month, Edmonton Joint Venture Partnership Available
GSI
post Apr 2 2009, 06:49 PM
Post #1





Group: REIN™ Members
Posts: 223
Joined: 30-August 07
From: Edmonton, Alberta
Member No.: 233



Cash King: $586 Per Month
Edmonton Joint Venture Partnership Available


North East Edmonton: Cashflowing Northmount Suited Bi-level In High Growth Area

Protect and stabilize your portfolio with this fine property. If you are looking to park your cash into a solid investment that produces a steady stream of income, then this is the one.

Like all our partnerships this one is completely 'hands free'.


Quick Facts:

Renovator's deal- don't worry, you don't have to lift a hammer. Our reno team is in place and ready to go.

3 bedroom suite up - rents for $1200

2 bedroom suite down - rents for $900

Double garage - extra rent here too.

1200 square feet - great size and value.

Built in 1973 - upstairs already upgraded.


The Numbers:

Purchase price $269K

YOUR total estimated 5 year return: $98K

YOUR estimated 5 year ROI: 98% (that's 19.5% per annum pre-tax)

Total cash required: $97K (included all reno costs, legal fees, etc.)

Total cash flow: $586.00 per month ($7032.00 per year / 3.6% C.O.C. 1st year for you)

Check out the pictures here.


Wondering what to do?

Please fill out this quick and easy questionnaire.

Or call the number below.

Thank you,
Attached File(s)
Attached File  liv.april.09.jpg ( 17.66K ) Number of downloads: 14
Attached File  kitchen.april.09.jpg ( 22.57K ) Number of downloads: 16
 


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Todd and Danielle Millar

Glenn Simon Inc.

GOLD REIN MEMBERS

"Making YOU Successful One Property At A Time"

Glenn Simon Inc.

Edmonton Real Estate Investor Blog

E-mail

1-888-780-5940
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