Financial information for this 6Plex that SOLD in June, 2024. This 6unit property is located in Central Ottawa, with six 3Bedroom Units.

The property was listed for $1,300,000, and sold for $1,170,000.

Scheduled Rental Income was $94,980
Effective Rental Income was $92,131
Operating expenses of $35,042
Total Operating Expenses, with 10% for maintenance/management $44,255
Net operating income of $47,876
Cap Rate was 4.09%
Operating Expense Ratio was 48.0%
Sold for 13 times the Gross Income
Sold for 24 times the Net Income
With an 41% down payment of $479,700, this leaves a mortgage of $690,300. At a 4.89% rate, amortized over 25 years, the monthly mortgage payment would be $3,971, for an Annual Debt Service of $47,652 (this is the annual mortgage payment).

The final cash flow on this building was $224 and the ROI (return on investment) was 0.05%.

https://www.agentinottawa.com/income...

#multifamily #sold #financialanalysis #6plex