Having trouble viewing video? Click here Investment properties require us to look beyond what we see and do our due diligence. This is true when purchasing a property and it's true when you're looking for one too. Sometimes we see properties that look not quiet on par with the market when comparing, for example, cap rates yet when you look deeper, you can find some hidden efficiencies that can help you generate better returns. The pick today is 44 Victoria Avenue South in Hamilton and on the surface it looks like an overpriced property but there are certain aspects of the number that show some hidden potential. Here are the numbers for your review: Exp/Inc Ratio 56% Cap Rate 6.66% Cash Return 1st year 2.86% ROI 8% I took the time to decipher the information provided by the listing agent and come up with some strategies that could help an investor in this instance. Please note that this is NOT my listing and I haven't seen the inside of the property hence the information I'm providng is fictional. The numbers are provided by the listing broker and I take the information and relay it in bit size packets. Download your copy of the Financial Review - R0011 What do you think of my analysis? Am I off the mark? I would love your feedback [si-contact-form form='2'] [mappress mapid="66"]
Torontonian Online Running in the fast lane! Real estate and more
