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660 Red Oak Close , Rural Red Deer County, AB

$439,900

Residential · MLS® A2325549
5Bedrooms
3Bathrooms
1,168Sq Ft
4Garage
2008Year Built
02 / Overview

PROPERTY OVERVIEW

Ideal property that offers some great diversity. Perfect for a buyer who desires home ownership with the ability to offset some costs or excellent for a seasoned investor looking to maximize on their investment. Detached home which offers a legal suite professionally built for this particular design and proper zoning. Both units have separate entrances, laundry, heating and power so nothing is shared between the two. Upper level offers a spacious living room area, generous kitchen space with plenty of...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,168 sq ft
Lot Size4,698 sq ft
ZoningDCD-4
HeatingIn Floor • Forced Air
CoolingNone
ParkingParking Pad
ExteriorNone
BasementFull
Year Built2008
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$1,127After mortgage & expenses
Cap Rate7.5%Based on market rents
Cash on Cash Return15.4%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

NONE

Needs Review
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Dustin Henfrey · RE/MAX real estate central alberta