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Real Estate

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by

Benji Pelletier

on 26 September 2013

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Transcript of Real Estate

Average starting salary

$42,000 CAD $35,625 CAD
Real Estate
By:
Benji Pelletier

Kouki Kubota

University of Toronto
Canadian property
Sources
http://www.payscale.com/research/SG/School=University_of_Toronto/Salary
Beloit College
Average starting Salary
$38,000 USD


$36,100 USD

Total Price:
Rent:
Taxes:
Location:
Mortgage
Total:
US property
Retail price: $69,000 USD

Rent: Average for two bedroom = $750
Repairs: Basement not yet finished
Taxes/Utilities:
Yearly taxes: $2,749 USD
Mortgage

Total:
Location: 224 East 90th St.,
Chicago, IL 60619
Retail price: $59,999 CAD
Average rent: $700
Yearly taxes: $1,800 CAD
1,800/12
Monthly taxes: $150 CAD
Car: 3 minutes
Walk: 18 minutes
Bike: 5 minutes
Car: 1 minutes
Walk: 7 minutes
University of Windsor
J E Benson Public School
Average college graduate salary
Average Rent
http://www.payscale.com/research
/US/School=Beloit_College/Salary
http://www.rentjungle.com/average-rent-in-chicago-rent-trends/
http://www.rentboard.ca/rentals/
rental_rates.aspx?locid=5003
Mortgage rates and calculations
https://www.rbcroyalbank.com/cgi-bin/mortgage/mpc/start.cgi
Average mortgage rates for a 15 year period
Down payment: 10% of 56,999
$56,999 * .10 = $5,699.9 CAD
Monthly mortgage payment in CAD
Down Payment: 10%
65,550 * .10 = $6,555 USD
http://windsor.kijiji.ca/f-house-3-bedroom-Classifieds-W0QQKeywordZQ20houseQ203Q20bedroomQQisSearchFormZtrue
Basement repair: $10,000
http://www.homefinder.com/IL/Chicago
/224-East-90th-St-100672073d
2,749/12 =229 USD
$229 USD per monthly tax
Monthly mortgage: $365
Tenants monthly rent: $700 CAD
Monthly taxes: $150
+
total = $583 CAD
Down payment: $5,699.9
upside from the investment
Paid taxes, paid mortgage, paid maintenance, and
$117 CAD monthly pocket money
My payments
Monthly mortgage: $419
Tenants monthly rent: $700 USD
Monthly taxes: $229
+
total = $900.43 USD
Car: 16 mins (4.9 miles)

Bus: 47 mins (5 miles)

Walking: 1 hour 35 mins (4.8 miles)
Crime in this area
Shootings
Overall crime
Monthly repair loan: $186.43
+
Down payment: $6,555 USD
downside from the investment
My payments
700 - 900.43 = $-200.43 USD
http://www.eluta.ca/jobs-at-
university-of-toronto
http://www.mortgagecalculator.org/
mortgage-rates/15-year.php
Properties
http://www.century21.ca/Property/ON
/N9B_2B6/WINDSOR/CURRY/343
My salary: $35,625 CAD
My salary: $36,100 USD
Monthly repair loan for one year


$186.43 USD per month
Monthly insurance: $18
+
Monthly insurance: $17.50
15.18% off
5% off: $56,999 CAD
Approximate monthly
maintenance: $50
+
$65,550 USD
Approximate monthly
maintenance: $48.50
+
+
5% off
Income Tax
http://www.ey.com/CA/en/Services/Tax/Tax-Calculators-2013-Personal-Tax
5% off
http://articles.chicagotribune.com/2013-02-22/opinion/ct-perspec-0222-taxes-20130222_1_
tax-rate-local-sales-taxes-property-tax
Full transcript