Lincoln - 982 - Beamsville
Lincoln - 982 - Beamsville
Listed For $399,900
Get Pre-approvedTerminated
Incredible TURN KEY Investment Property! This Professionally Managed & Fully Leased property is gorgeously renovated and has the BEST tenants! Main Floor Tenant is a Physio Therapist and Lower Level Tenant is a Union School Teacher. The Main Floor Rent is $1,400 / month all inclusive and the Lower Level Rent is $1,200 / month all inclusive. That is a GROSS Income of $2,600 / month minus Expenses. The Landlord pays for: taxes, management, heat, hydro, & water as part of the rent which equals $793/month in TOTAL for everything. Gross Rent of $2,600 - $793 for expenses = $1,807.00 / month of POSITIVE cash flow and PASSIVE INCOME. Want to get a Mortgage? Here's the math: Using CURRENT rates of interest, your mortgage payment with 20% down would be approximately: $1,433 /month, leaving you with
* Values are estimates only and not a guarantee of lending or affordability.
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