Canada vs USA
More specifically, we wanted to show the difference between a condo in Toronto and a condo in the heart of Orlando. Both are in great neighborhoods, near the city core. Also, it is important to note that there are no winters in Florida! This reduces much of the normal wear and tear caused by our cold winters.
You will understand why smart investors are selling their Canadian properties and buying amazing US Deals in great neighborhoods that cash flow at incredible prices!
However, if you are more comfortable investing in Canada, Windsor, ON is a very comparable market, with low cost and good rents, it's a great buy and hold area.
Purchase Price $167,000
Square Ft: 600
Rental Income: $1150/month
Condo Fees: $280/month
Cost to Mortgage 100%: $895/month
Net Cashflow- you lose $25 per month
Nearby Amenities- golf course, highway and airport nearby
Will It Appreciate???
Purchase Price $60,000
Square Ft 1206
Rental Income: $850
Condos Fees: $199/month
Cost to Mortgage 100%: $329/month
Net Cashflow- $329/month
Nearby Amenities - Golf View, major highway nearby, Millenium mall, Universal Studios and Sea World
Sold for $450,000 in 2008