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.

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111 Cedar St Free Accomodation Rev 2

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

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