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$379,900
Available - For Sale
Listing ID: X12149114
Wow, real estate at 14 times gross income, with very low expenses! Rental of 7 mobile home lots: $27,084 per year Lower maintenance costs, unlike traditional rental buildings, mobile home parks generally require less maintenance. Tenants are responsible for the upkeep of their own homes. The investor only needs to handle common services, such as septic tank pumping or road maintenance. Therefore, there are no expenses related to window replacements, balconies, roofs, or repairing damaged units. High profitability since all mobile homes are owned by the tenants, they do not risk losing their homes. This ensures that rents are always paid without loss. In case of unpaid rent, the amounts are usually settled during the sale of the mobile home. Insurance premium: only $640 per year. Connected to the city water supply Please note that the negotiation margin is low.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $34,995 $69,990 $104,985 $139,980
First Mortgage $664,905 $629,910 $594,915 $559,920
CMHC/GE $18,284.89 $12,598.2 $10,411.01 $0
Total Financing $683,189.89 $642,508.2 $605,326.01 $559,920
Monthly P&I $2,926.05 $2,751.81 $2,592.56 $2,398.09
Expenses $0 $0 $0 $0
Total Payment $2,926.05 $2,751.81 $2,592.56 $2,398.09
Income Required $109,726.85 $103,192.98 $97,221.16 $89,928.52

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TEAM REALTY

12170 County 3 Road , North Dundas, K0C 2K0, Stormont, Dundas

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Stormont, Dundas and Glengarry
Municipality: North Dundas
Neighbourhood: 706 - Winchester
Style: Other
Lot Size: x 199.16(Feet)
Approximate Age:
Tax: $2,502
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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