Real Estate Investment - 12315 89 St W., Edmonton 

Detached Home with Legal 1 Bedroom Suite

Total turn-key with a lovely tenant in the basement. This one is the perfect balance between low maintenance and high cash flow.

About This Property                     

Location: Within a 10 minute drive to downtown and major transportation corridors for tenant accessibility.                       

Tenant Profile: Ideal property for long term tenant profile at the middle income range.    

Buyer’s Expectations: Total turn-key with a lovely tenant in the basement. This one is the perfect balance between low maintenance and high cash flow.

Bonus Value: At almost 1300sf, there is an ensuite upstairs and 3BR lower. Both of these things drive top market rent.

Condition: Only 9 years old, property is in great shape.

Financial Breakdown

• $414,900  Purchase price 
• $1,400 Monthly Rent Upstairs / $1,100 Monthly Rent for the suite, $200 / month for the garage
• $3,748 annual taxes
• $648 annual maintenance
• $1,328 annual insurance
• 10%  management
• 5.3% CAP Rate

WITH 20% DOWN PAYMENT

• $368 / month Cash Flow
• Total Cash Invested: $88,930
• 10 Year ROI: 281%

Cash Flow Pro Forma