#33 2106 50 St SE, Calgary
Beautiful Double Mobile House with $25,000 worth of renovation!!! Good rental for Sale. It is a Double Mobile House, Mobile Home only !! Not the land !! 1400 SQ feet 48 feet by 29 feet (3 bedrooms, huge living room, bathroom, kitchen and dining area, storage and laundry room. More than 25 thousand $ worth of renovation was put into it (inside and outside). One of the most efficient heating systems was put into this home (15,000$). The property rent (park fee) includes water, garbage and sewage and is a little more than a 500$ (That's the cheapest price in the city). The mobile is located at Oasis Mobile Home Park - 33-2106 50 St SE, Calgary, AB Investment Alert !! high Cap Rate over 10.6% on the entire amount of $52,000 dollars . if you get a loan $52,000 payments would be around $358 per month amortised on 15 years with 5 years, interest rate 3 % , rent it for $1,200/per month x 12 = $14,400 this is gross income/per year expenses $540/per monthly fee for lot free garbage sewer water x 12 = $6,400 expenses/per year Cap Rate is Net Income divided by the Sale Price ( $14,400 – $2,400 )for taxes and vacancy = $12000 $12000 – $6400 expense = Net Income $5600 / per year Net Income To get the Cap Rate which shows the return on your money Net Income divided Sale Price = Cap Rate $5,600 divided $52,000 = 10.7% amazing Cap rate what you will get in you pocket after mortgage payments $5600 net income – mortgage payment $358 x 12 months = $4,296 $5600 Net Income - $4296 mortgage payment for 1 year = clear profit for 1,304 for the first year 108 dollars in your pocket / per month. Please do your own due diligence to verify the informationView more homes in Forest Lawn
- MLS® #C4079408
- Full Baths1
- Square Footage1,400
- Year Built1980
- Sub-TypeDouble Wide
- StyleDouble Wide Mobile Home
- FeaturesHot Water Tank - Energy Star, No Animal Home, No Smoking Home, Open Beam, Vinyl Windows, Wood Windows
- Parking Spaces1
- ParkingSingle Carport
- ExteriorMetal, Wood
- Exterior FeaturesFenced, Flat Site
- RoofRoll Roofing
- FoundationSee Remarks
- Listing OfficeAztec Real Estate Inc.
Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.
Listing information last updated on January 23rd, 2017 at 4:00pm MST.