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111 Cedar St   Free Accomodation   Rev 2
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111 Cedar St Free Accomodation Rev 2

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Live for free in nice income property in Dunnville Ontario. Great rental income to supplement your cost of living.

Live for free in nice income property in Dunnville Ontario. Great rental income to supplement your cost of living.

Published in Real Estate , Business , Sports
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Transcript

  • 1. Own & Live Rent Free in this House While other tenants pay for your mortgage Detached Triplex house on large lot in Dunnville, Ontario 111 Cedar Street
  • 2. The Opportunity
    • Solid brick triplex detached house with recent upgrades
    • Fully rented with long term tenants
    • Current owner is restructuring his own investment portfolio and offer great incentives for you to buy and live in portion of the house
    • With less than $15,000 cash investment, you will get
      • Ownership of the property
      • Rental income enough to pay for your mortgages
      • Live in the house almost for free
  • 3. Features of Property
    • Two storey brick triplex with separate meters
    • 50x 130 ft lot
    • Centrally located in Dunnville, Ontario
      • 1 block to mid-town
      • 0.5 block to river and park (Wingfield Public Park)
    • The apartments:
      • 2 bedroom- upper – all new windows and bay window in bedroom
      • 1 bedroom on main level includes access to basement and large front porch
      • Bachelor on ground floor- private porch
    • Lots of parking spaces (about 10 cars) and nice big yard
  • 4. Closer Look of the Property
  • 5. Closer Look of the Property
  • 6. The Deal
    • The selling price of the house is $189,000
    • The seller offers a vendor take back mortgage of 15% of the purchase price, at interest rate of 10%
    • You can invest in the property with only 5% down and no high ratio mortgage insurance
    • If you live in the 1 bedroom unit, you will get total rental income of $1,050 per month to pay for your mortgages
  • 7. Details of Rental Income
    • Tenants pay for their own utility
    • Monthly rent from the apartments:
      • 2 bedroom- upper $600
      • 1 bedroom on main level owner occupied
      • Bachelor on ground floor $450
    • Total monthly rental income $1050
  • 8. Financial Analysis – Live Here for Free!!
  • 9. Financial Analysis – Notes on Other Expenses
  • 10. Map of the property
  • 11. Take Action Now
    • For further information contact:
      • Cheryl at 1-877-255-1953 or 416-892-1953
      • or Email cherylkiko@yahoo.com