*********Walking Distance to the University of Lethbridge – High Cash Flow Investment!*********This 5-bedroom home in West Lethbridge is perfectly located for student rentals, just minutes from the university on a quiet street. It features a brand new roof, walkout basement, private backyard, ample off-street parking, and spacious living areas—making it ideal for tenants.Currently generating an average of $3,250/month in rental income, this property offers strong cash flow and excellent return on investment. A rare opportunity to own a high-demand rental in a prime location!Investment Snapshot:----Purchase Price: $330,000 (After 20% Down Payment)----Mortgage: ~$1,750/month (4% Interest)----Property Tax: ~$280/month----Utilities: ~$500/month----Total Expenses: ~$2,530/month---- Average of Rent: ~$3,250/month----A POSITIVE CASH FLOW: $3250 - $2530 = ~$720/monthWhether you're expanding your portfolio or starting out, this is a high-return opportunity in one of the most sought-after rental areas in Lethbridge.Contact your favourite agent today to book a viewing! (id:2493)
Data was last updated May 31, 2025 at 05:15 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$394,950
Min list price:
$310,000
Max list price:
$550,000
Avg days on market:
16
Min days on market:
2
Max days on market:
58
Avg price per sq.ft.:
$327.45
These statistics are generated based on the current listing's property type
and located in
Indian Battle Heights. Average values are
derived using median calculations.
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