RSS Feed

How To Use A Canadian Mortgage Calculator to Evaluate Rent Properties in Calgary

Posted on by
Posted in: Calgary Real Estate

How To Use A Canadian Mortgage Calculator to Evaluate Rent Properties in Calgary

Watch this short video as I show you how to calculate the break-even point on any rental property you are thinking about buying.

The example I'm showing you here is for a home listed at $350,000 in Calgary. Taxes are 3,099, insurance $1,200, interest rate at 2.39% for 30 year amortization.

It takes about 30 seconds to see that you would need to rent this property for more than $1,500 a month for positive cash flow.

Nov 2020 in Calgary single-family homes are ranging from $1,600 a month and up. So this actual property would be worth a closer look for investors.

Watch the video, let me know what you think and go buy some Calgary Rental Properties!


I use this app on my iPhone and it works great!




 

2020 Nov - Calgary Potential Rental Properties - Contact Me For More Information.


Comments:
Powered by myRealPage.com
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.