KW SIGNATURE, BrokerageWindsor-Essex County, Ontario+1 519-564-7346InstagramFacebook
Josh AliceCall now
The Detroit skyline and Ambassador Bridge seen at dusk from the Windsor side of the river

You know the numbers. I know this market.

Rents that won’t hold. Units never permitted. Expenses left off to make it pencil. I invest here too, and I’ll check your next deal free.

What listings get wrong

Income

Rent
what units nearby actually lease for, not the listing’s best case
Other income
counted only if someone is paying it today

Expenses

Property tax
the actual bill, not the listing’s figure
Insurance
a landlord policy, priced for the wiring and units really there
Utilities
whatever tenants don’t pay, usually heat and water in older buildings
Vacancy
every year, including time lost to a Landlord and Tenant Board file
Management
at market rate, even if you self-manage
Repairs and capex
roof, mechanicals and windows on their real remaining life

Financing

Debt service
at rental lending terms, not residential rates
Closing costs
land transfer tax and legal, in your basis

You get cash flow and cap rate at asking, with one number up top: where I think the deal stops making sense, based on the numbers and assumptions we’re using. Your lender, lawyer and accountant confirm anything specific to you.

What spreadsheets miss

Student rentals near the university and workforce housing near the plants lease, turn over and sit vacant differently. The asking price rarely tells you which one you’re buying.

Most of the stock here is old. Knob-and-tube, end-of-life mechanicals and basement units that were never permitted are common. Found before you offer, they’re leverage. Found after, they’re your cost, and an unpermitted unit is a legal problem before it’s a financial one.

Send me your next deal. I’ll check every number, free.

Paste the listing or the address. I’ll check the rents, expenses and condition against what I see investing here myself, and tell you where I think it stops making sense. No obligation to buy through me.

01

Rents that hold

What comparable units actually lease for, against the listing’s figure.

02

Expenses it left out

Vacancy, management, capex and insurance, priced for this building.

03

Your walk-away price

Cash flow and cap rate at asking, and where I think the deal stops making sense.

Houses, duplexes and small multi-family in Windsor-Essex. Usually back within a day.

Got a deal in front of you? Call me.

Or send it through the form above. You’ll usually have my numbers within a day, whether or not you buy through me.

Call now: 519-564-7346