(To learn more about why Abbotsford has great Investment potential please read my recent blog titled Cash Flowing Property with only 20% Down)

Reasons to like this property:

  • 3 Bed / 2 Bath
  • Desirable Central Location
  • Newer Construction (only 3 years old)
  • Close to jobs, transit, schools and shopping
  • Commands high rent

206 32059 HILLCREST AVENUE, Abbotsford Listed for $429,700  (Sorry, photos aren't the greatest)

This property checks almost all the investor check boxes.  With its location and like-new condition this place will rent near the higher end for 3 bedrooms at around $1,950 per month.

With all expenses & revenues in place, this is how the property performs:

What this says is that for an initial investment of $97,734 (20% down plus closing costs and reserve fund) and based on a 3% appreciation, you can expect to receive around $20,000 per year based on a 5 year investment.   

Your $98,000 investment could make $108,000 in profit.   (Before taxes and sales fees.) That equates to 111% ROI.

If you have any questions about this property or would like to see how the numbers work on a different one, please feel free to reach out to me.

I've been investing in Real Estate for 6 years and really enjoy sharing what I've learnt.