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.