158 Ideal Street, Buffalo

Freshly painted and carpeted single family home in desirable rental area.

Legals – $800
Vendor Financing – 5 year loan of 30% @ 10% interest – $9075 loan, with monthly repayments of $227 ($151 amortisation and $76 interest)
Total Cost to Buyer – $21,975
Monthly Costs $208
Net Monthly Rent $467 – $74 management = $393

IRR in first year assuming no capital growth – Net Income / Cost = 19%
IRR after 5 years assuming no capital growth – Net Income/Cost = 95%