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Housing Rent Viability <br />15 <br />Townhomes and Income Restricted Units Funded by Bonds are Most Viable <br />Multifamily Cost Analysis Apartment Income Analysis <br />Land Price per Unit 20,000 Expected Return on Cost 7% <br />Cost of Construction 250,000 Required Rent per Unit 22,680 <br /> Total Cost Basis 270,000 Per month 1,890 <br />Expected Profit Margin 20% 54,000 Average Rent PSF Required 2.91 <br /> Total Basis 324,000 <br />Sample Townhome Sales Current Market Rents <br /> 304 Manitoba 355,000 Ansel Rents 2.73 <br /> 2786 Quebec 403,000 McMillan Rents 2.28 <br /> Bujold Projected New Rents 2.00