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Monday, March 28, 2011

Great Investment in Ajax, house just like a duplex, great tenant

This Beautiful 3 bedroom bungalow is renovated top to bottom, with a self contained legal 1 bedroom basement apartment. Tenant upstairs pays $1350 a month , Would like to stay for at least 4 yrs (AAA tenant). Basement Apartment. is vacant but rents for $850-$925 a month. (Basement looks like a brand new Condo). Purchase price is $275,000 with 5% down carries for around $1800 (includes. Mortgage, insurance, Taxes, and $300 utilities.) also has coin operated washer and dryer, income not included here.


Rent it out whole house and get a $400 a month positive cash flow or live downstairs for only $ 450 a month .

** All numbers are estimates only **

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