Investor Property Analysis Abbotsford Townhouse
Dan Wurtele
Living in Vancouver for the past 26 years it has been exciting to watch it grow into one of the most desirable cities in the world...
Living in Vancouver for the past 26 years it has been exciting to watch it grow into one of the most desirable cities in the world...
(To learn more about why Abbotsford has great Investment potential please read my recent blog titled Cash Flowing Property with only 20% Down)
Reasons to like this property:
- 3 Bed / 2 Bath
- Desirable Central Location
- Newer Construction (only 3 years old)
- Close to jobs, transit, schools and shopping
- Commands high rent
206 32059 HILLCREST AVENUE, Abbotsford Listed for $429,700 (Sorry, photos aren't the greatest)
This property checks almost all the investor check boxes. With its location and like-new condition this place will rent near the higher end for 3 bedrooms at around $1,950 per month.
With all expenses & revenues in place, this is how the property performs:
What this says is that for an initial investment of $97,734 (20% down plus closing costs and reserve fund) and based on a 3% appreciation, you can expect to receive around $20,000 per year based on a 5 year investment.
Your $98,000 investment could make $108,000 in profit. (Before taxes and sales fees.) That equates to 111% ROI.
If you have any questions about this property or would like to see how the numbers work on a different one, please feel free to reach out to me.
I've been investing in Real Estate for 6 years and really enjoy sharing what I've learnt.