What is the minimum down payment amount for the monthly rent to break even on all carrying costs? ????

Here's a question that almost every investor asks when purchasing an investment property: what is the minimum down payment amount for the monthly rent to break even on all carrying costs?

Investors often want the monthly rent to break even on all the carrying costs for that month and in order to have that, there is a minimum down payment amount that is required when purchasing the property.

Check out the video for the answer.

Thank you for watching!

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TIMESTAMPS

00:08 - what investors usually want when buying a condominium

00:12 - a question that most investors ask when buying a condominium

00:23 - how much the average condo in Toronto costs

00:30 - the example condo we will use for calculations

00:38 - figuring out the market value rent

00:55 - what are your carrying costs? The three parts

1:23 - the mortgage calculator app that I use

1:47 - the down payment amount, as a percentage, that is usually required for the monthly rent to break even on monthly carrying costs

1:59 - the down payment amount, in dollars, that's required for the average Toronto condo in order for the rent to break even on monthly carrying costs

2:11 - remember to add this fee on top of your down payment amount when purchasing real estate

2:17 - the closing costs for a typical condo in Toronto

2:49 - topic for next upcoming video

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???When you are ready to move or, have any questions about real estate, give Karen a call

Karen Law

Toronto Real Estate Broker

Century 21

Direct: 647-836-2895

www.KarenLaw.ca