Financial Information:

Purchase:

Purchase price: $$749,000$

Strata maintenance fee $($monthly$)$: $$482$

Property tax $($monthlyk: $$150($approximate$)$

Heat $($monthly$)$: $$50$

Repair and general maintenance $($monthly$)$; $$50$

Assume those monthly fees do not change over next $5$ years.

Down payment at $20\%$ of purchase price. Obtain a morigage the rest of $80\%.$

Legal fee $($One time when buy and sel$)$: $$1,500.$

Inspection fee $($One time when buyk $$400.$

Property transfer tax $($One time when buy$)$; $$12,990.$

Mortgage:

$5-$year fixed mortgage rate: $5\mathrm{.}30\%$ with $25$ years amortization with monthly payments GDS$/$TDS Ratios: $39\frac{\%}{44}\%$

Selling cost:

Realtor fees $($One time when selij$)$: Assume it would cost $3\mathrm{.}25\%$ of seling price.

Rent:

Monthly rental: $$3,600$ comperable unit.

Assume rent increases $3\%$ yearly over $5$ years.