Torontonian Online Running in the fast lane! Real estate and more…
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Welcome back!
Spring is here and the market is heating up! I had posted about a listing in Cabbagetown last weekend and it’s already sold conditional and we have a waiting list too. Here’s another property that’s coming in the market and is located on Dewson in the College and Ossington area. The property is priced very agressively and I’m expecting to see some competition for it unless you can get in first.
Here’s a snap shot of the numbers:
Annual Gross Rent Multiplier 14.6
Operating Expense Ratio 17.1%
Debt Coverage Ratio 1.16
Cap Rate (Purchase Price) 5.6%
Cash on Cash Return 3.3%
Click here to get a copy of the financials
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