I have listed a new property at 577 WILLIS ST in Quesnel. See details here
Excellent opportunity to own affordable land in the City of Quesnel. This flat lot is ready for development and Zoned RS2 for single-family or duplex. Modular homes can now be considered per city zoning. All services available. Nice quiet street, family oriented, great location! Close to shopping, schools and soccer facility. Take a drive by and imagine the possibilities today!
I have listed a new property at 605 WADE AVE in Quesnel. See details here
Excellent opportunity to own affordable land in the City of Quesnel. This flat lot is ready for development and Zoned RS2 for single-family or duplex. Modular can now be considered per city zoning. All services available. Family orientated location, close to schools and soccer facility. Take a drive by and imagine the possibilities today.
Investing in real estate is a pathway to earning income and building long-term wealth. Yet, success in real estate investment hinges on astute property analysis. Today, let’s delve into the nuances of evaluating investment properties and the critical role of property value.
Understanding Investment Property Analysis
Investment property analysis is the method through which real estate investors assess the performance of their rental properties. This evaluation involves examining an investor’s current rental holdings, scrutinizing income-to-expense ratios, and identifying areas for improvement to enhance returns.
Profitability of Rental Properties
Rental properties offer diverse avenues for generating income, but each property demands a unique approach to analysis and valuation. Single-family homes and multi-unit properties, for instance, employ distinct metrics to determine investment viability.
Single-Family Homes: Valuing single-family homes involves comparing them with similar neighboring properties in terms of bedrooms, floorplan, bathrooms, and amenities. As the value of a single-family home appreciates, so do comparable properties.
Multi-Unit Properties: Larger properties with multiple units are valued based on their income potential. Unlike single-family homes, multi-unit investments are not directly comparable with one another for valuation.
Key Information Gathering
When analyzing investment properties, the initial step is gathering accurate data. Considerations include property details (number of units, square footage), purchase expenses, mortgage details, and income and expense breakdowns.
Elements of Rental Investment Analysis
Central to property analysis are calculations of critical metrics such as Net Operating Income (NOI), property income, and total expenses.
Net Operating Income (NOI): This figure represents a property’s total income after deducting all expenses. Calculated by subtracting expenses from income, NOI provides insight into a property's operational profitability.
Property Income: Gross income comprises all revenue sources including rent, parking fees, and utilities. Vacancy rates must be factored in when calculating gross income.
Expenses: Property expenses encompass insurance, taxes, mortgage interest, utilities, property management fees, and repairs.
Factors in Investment Property Analysis
In analyzing investment properties, key factors include:
Cash Flow: The surplus income after meeting expenses.
Rate of Return (ROI): Calculated as cash flow divided by investment cost.
Capitalization Rate (Cap Rate): Measures property returns independent of financing costs.
Understanding these elements and metrics is vital for investors seeking optimal returns. Cap rates typically range between 8% and 12%, with higher rates indicating potentially better returns.
Investing wisely in real estate requires a comprehensive understanding of these factors to maximize investment potential and achieve long-term financial goals. Stay tuned for more insights on property analysis and real estate investment strategies.
If you have any questions please feel free to reach out.
I have listed a new property at 6165 149 ST in Surrey. See details here
Sullivan Heights stunner!! This 6 bed / 5 bath family home is super spacious with lots of natural light. Main floor includes formal dining room, 2-pc powder & beautiful kitchen with granite counter-tops, s/s appliances and plenty of storage. Freshly installed engineered hardwood floors, new furnace and heat pump. Relax in the West facing backyard oasis with 18'x30' deck with fire table and plenty of room to BBQ and entertain. Fully finished 2 bedroom walk out rental suite in the basement with separate laundry is a great mortgage helper. Centrally located in one of the most desired neighbourhoods in Surrey. Walking distance to Goldstone Elementary and Sullivan Heights Secondary School. Close to transit, shopping, YMCA and all other amenities.
SURREY, BC — Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April.
FOR THE FULL PACKAGE: https://www.fvreb.bc.ca/statistics/Package202404.pdf
If you have further questions please feel free to reach out directly to me,
I am here to help.
I have listed a new property at 206 1787 154 ST in Surrey. See details here
Welcome to The Madison by Genex. This bright and spacious 2-bedroom, 2-bathroom gem spans a generous 1033 sq.ft. with 9' ceilings, crown moldings, and abundant natural light throughout. Enjoy cozy evenings by the gas fireplace and the comfort of individual, self-metered hot water in-floor radiant heat. Inside, discover ample storage within the suite, complemented by a large 6'x8' storage locker and not one, but two underground parking stalls! Located in the heart of South Surrey, convenience is key with shopping, restaurants, and more just moments away. Step onto the south-facing deck overlooking the serene courtyard—a perfect spot for relaxation or hosting friends. The Madison offers an unparalleled living experience, blending modern comfort with convenience. Don't miss this one...
I have listed a new property at 9726 HARRISON ST in Chilliwack. See details here
There is nothing to do but move in! Great for 1st time buyers or investor. This family home features 3BDRM / 2BTH and is on a quiet dead end street. Larger kitchen with updated S/S appliances. 3 good size bedrooms and large living room. This home has been meticulously maintained over the years, boasting numerous upgrades including new roof (2011), appliances (2014), windows (2015), gutters (2017), blinds (2019) and was just freshly painted. Private backyard with large deck for entertaining. Close to all forms of shopping, elementary, middle and senior schools. Vacant, ready for quick possession. Open House Sat. April 13th 2-4pm / Sun. April 14th 1-3pm
SURREY, BC – Home buyers in the Fraser Valley have more choice heading into the spring market with inventory levels for March at the highest they’ve been in the past five years.
FOR THE FULL PACKAGE: https://www.fvreb.bc.ca/statistics/Package202403.pdf
If you have further questions please feel free to reach out directly to me,
I am here to help.
I have listed a new property at 3883 204A ST in Langley. See details here
Welcome to Brookswood, where this custom-built family home awaits you. Nestled on a sprawling 19,000 sq/ft lot. Inside, discover a spacious 4-bed, 3-bath Functional layout featuring a spacious Liv & Din Rm, Rec Rm and Patio perfect for the kids or teens. Embrace the tranquility of the park-like surroundings while benefiting from ample parking for boats, trailers, or RVs. Whether you choose to renovate this home to match your style or embark on crafting your dream home, there are so many possibilities. Step outside and relish the vast backyard, complete with a 20x30 shop, offering endless potential. Close to Belmont French Immersion Elem & Brookswood Sec, Noel Booth & Bell Park. Open House Sat & Sun April 6-7 from 1-4pm
I have sold a property at 2 2825 159 ST in Surrey on Feb 25, 2024. See details here
Welcome to Greenway by Adera! Bright & beautiful 5 bedroom, 3 bathroom, 1921 sq/ft modern townhome. Open concept living & dining area on the main w/ gourmet kitchen complete w/ beautiful white cabinetry, quartz countertops, designer lighting, gas range top, built-in oven & oversized island, perfect for entertaining. Relax on your 449 sq/ft rooftop patio with/ BBQ hook-up while taking in the spectacular mountain views. High-end features include laminate flooring, forced air heating, hot water on demand, and a side-by-side 2-car garage. Exclusive access to the Southridge Club including an indoor basketball court, gym, outdoor pool & hot tub, theatre & party room. Within walking distance to Sunnyside Elementary, Southridge private school & the Morgan Creek shops and restaurants..
SURREY, BC — Home sales in the Fraser Valley posted a second consecutive bump in February as new listings continue to rise and trend slightly above the 10-year seasonal average.
FOR THE FULL PACKAGE: https://www.fvreb.bc.ca/statistics/Package202402.pdf
If you have further questions please feel free to reach out directly to me,
I am here to help.
I have sold a property at #28 16458 23A AVE in Surrey on Feb 18, 2024. See details here
Essence at Hamptons - This large wide 4 bed 4 bath END UNIT townhouse features extra large windows, 9' ceilings and lots of natural light. Recently refinished cabinets w/ under lighting in the gourmet kitchen with S/S appliances & quartz countertops. Engineered Hardwood floors, New Paint, & bright balcony facing West. Large bedroom on entrance level with ensuite, Huge master-bedroom with his & hers closets and projection screen TV. Amenities building includes fitness rooms, playground and outdoor basketball court. The area right beside this unit is a lovely green space with mature trees. Walking distance to Edgewood Elementary, New Grandview Heights Secondary, Aquatic center, and Morgan Shops and Oak Meadow Parks. Showings start at Open House Sat Feb. 17th 2-4pm Sun. Feb. 18th 1-3pm.
