Ottawa Real Estate Investors Organization

We have just finished renovating a beautiful freehold townhouse in Aylmer. Beautiful, inside and out. For just $8250 down you can own this home and live in or rent out for postive cashflow.
20% ROI on this buy and hold.

=== Upgrades / Renovations done: ===
New vinyl siding
New eavestrough
Completely renovated kitchen
High quality laminate in upstairs bedrooms
Colonoial closet doors to replace sliding closet doors
Completely renovated upper bathroom with new tub, toilet, new vanity and tiles

=== Pictures available at : ===
http://picasaweb.google.com/babette.turner/AYLMERRenovatedTownhouse?feat...

=== Financial Information: ===
Purchase price : $164,900
5% down payment : $8,250

Monthly Expenses:
$166 - property taxes/school taxes
$645 - mortgage payment ( based on 3 yr, 3.5% mort over 35 years)

Positive Cash Flow of $138/month ( $949 potential rent less expenses)
*** Currently showing to prospective tenants and we will help you rent the unit

ROI of 20% :
$138 * 12 months = $1656 cashflow/yr
$1656/$8250 = 20% ROI - investment returned in 5 years and you still own the property.

Showings this Tuesday evening at 541 Gordon Street, Aylmer
or by appointment : babette.kijiji@gmail.com or 613-212-0733