60 Dunning Crescent

Description

Exceptional University-Area Investment Opportunity! This spacious 2,500 sq. ft. home offers six bedrooms and four bathrooms, making it an excellent revenue property with strong rental potential thanks to its close proximity to the University of Regina. What truly sets this property apart is the unique addition, featuring a large, self-contained recreation room plus a loft area currently being used as a seventh bedroom and additional living space. This flexible configuration provides an outstanding opportunity for an owner-occupier, investor, or extended family. Imagine living comfortably in your own private loft and recreation area while collecting rental income from the six additional bedrooms. Alternatively, the entire property can be utilized as a high-demand student rental, maximizing its income potential. With its generous size, four bathrooms, exceptional bedroom count and sought-after university location, this property offers a rare combination of space, flexibility and investment potential. Whether you’re looking to build your rental portfolio or create a unique home where you can live while generating substantial rental income, this property deserves a closer look. Dining Room and Living nroom furniture included. 3Fridges included, all in as is condition. Based on a $320,000 mortgage at 4% over 30 years. monthly payment $1527 Consider the following ASSUMPTION. Buyer to do their own calculations 1,527/month mortgage 230/month insurance 360/month property tax 200/month water 250/month energy&power 2,570 Total monthly cost 4,500/monthly rent - (2,570) total monthly cost = 1,930 monthly cash flow 1,930 monthly cash flow x 12 months is 23,160 yearly cash flow Original investment is 20% of the purchase price of 400,00 or $80,000 down payment/investment amount) 23,160/$80,000 = 29% return on your original invested amount of 85,000 I didn’t take into consideration rentals of water heaters or softeners or vacancies. (id:39198)