The Borgata Lodge at Quail Ridge - Live, Vacation or Invest. You truly can do it all under this unique and value-added City Zoning which allows for nightly rentals, full time living or a combination. Many owners use the apartment for personal use over the prime summer months and rent it out the remainder - you can rent it yourself or utilize the on-site management company. Lock-off design so 2 units in one, full size kitchen, fully furnished, laundry, secure underground parking and a storage locker. Parents, this is an affordable alternative to renting for kids attending UBCO. Also mere minutes to YLW, shopping, restaurants and of course 36 holes of golf. NOTE: Rents for $2200/m off season and more in the summer. $77,000 down, Mort $1304/m Expenses $678/m so positive cash flow of $218/m plus after your 5 year term you have gained $49,978 in equity or $832/m + $218 PCF = $1050 PCF/M overall. WOW that's a 16.4% return on your $77,000 investment plus any property appreciation. No pets.
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