1521 Feedham Avenue
Bert ChapmanPremier Canadian Properties#102-1180 Sunset Drive Kelowna, BC V1Y 9W6Office 250-717-1886 Toll Free 877-717-1886 Fax 250-717-1889 Direct 250-212-7728 email: bert@pcrealty.ca Website: http:www.pcrealty.ca
Tuesday, December 20, 2011
Wednesday, December 7, 2011
Condos That Pay for Themselves
Pinnacle Pointe Condos at Quail Ridge
Eg. ****-1873 Country Club Drive, Kelowna, BC
List Price $279,900
Down Pmt 79,900
Mtg $200,000 @ 4.09% 5 yr term 25 yr/amortization
Projected income from Rentals
Sept-Apr.Monthly rental (no vacancy) $13,600
May-Aug Short Term rentals (less 50% vacancy) 13,500
(Weekly rates used in Calculation) 25,600
Less 25% management fee 6,775
Net Income $20,325
Projected Expenses
$200,000 mtg @ $1062/mo. $12,750 Yr
Taxes 1,900 Yr
Strata (condo) fees 2,880 Yr
$17,500 Yr
Positive cash flow $2,825 Yr
Return on down payment 3.54%
Monthly rental has no vacancy since it is located near UBCO and demand outstrips supply. Short term rental is net of 50% vacancy and all rentals net of 25% management fee.
PARTIAL LIST OF CONDOS TO WHICH THIS WOULD APPLY:
*2315-1873 Country Club Drive Listed at $269,900 is a 2 bedroom 2 bath 970 sq ft 2nd floor unit, popular Juniper plan where 2 students could share.
*1306-1875 Country Club Drive Listed at $295,000 is a 2 bedroom, 2 bath unit plus den ,1166 sq ft 3rd floor unit where 2 students could share
*2411 -1873 Country Club Drive listed at $218,900 is a 1 bedroom, 1 bathroom plus den, 774 sq ft 3rd floor unit
NOTE: The selection is changing as properties sell. For a complete current list please call Bert at 250-212-7728 or email bert@pcrealty.ca
Prepared from sources believed to be reliable, but not guaranteed. E & O.E.
Bert Chapman Premier Canadian Properties #102-1180 Sunset Drive Kelowna, BC V1Y 9W6 Office 250-717-1886 Toll Free 877-717-1886 Fax 250-717-1889 Direct 250-212-7728 email: bert@pcrealty.ca Website: http:www.pcrealty.ca
Eg. ****-1873 Country Club Drive, Kelowna, BC
List Price $279,900
Down Pmt 79,900
Mtg $200,000 @ 4.09% 5 yr term 25 yr/amortization
Projected income from Rentals
Sept-Apr.Monthly rental (no vacancy) $13,600
May-Aug Short Term rentals (less 50% vacancy) 13,500
(Weekly rates used in Calculation) 25,600
Less 25% management fee 6,775
Net Income $20,325
Projected Expenses
$200,000 mtg @ $1062/mo. $12,750 Yr
Taxes 1,900 Yr
Strata (condo) fees 2,880 Yr
$17,500 Yr
Positive cash flow $2,825 Yr
Return on down payment 3.54%
Monthly rental has no vacancy since it is located near UBCO and demand outstrips supply. Short term rental is net of 50% vacancy and all rentals net of 25% management fee.
PARTIAL LIST OF CONDOS TO WHICH THIS WOULD APPLY:
*2315-1873 Country Club Drive Listed at $269,900 is a 2 bedroom 2 bath 970 sq ft 2nd floor unit, popular Juniper plan where 2 students could share.
*1306-1875 Country Club Drive Listed at $295,000 is a 2 bedroom, 2 bath unit plus den ,1166 sq ft 3rd floor unit where 2 students could share
*2411 -1873 Country Club Drive listed at $218,900 is a 1 bedroom, 1 bathroom plus den, 774 sq ft 3rd floor unit
NOTE: The selection is changing as properties sell. For a complete current list please call Bert at 250-212-7728 or email bert@pcrealty.ca
Prepared from sources believed to be reliable, but not guaranteed. E & O.E.
Bert Chapman Premier Canadian Properties #102-1180 Sunset Drive Kelowna, BC V1Y 9W6 Office 250-717-1886 Toll Free 877-717-1886 Fax 250-717-1889 Direct 250-212-7728 email: bert@pcrealty.ca Website: http:www.pcrealty.ca
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