Purchase royal bank in March 2013 for $61.20.  Current price is $93 so let's call it a 50% return.  Plus 4% dividend per year.  At the same leverage ratio as you, you're coming in behind the bank stock owner.  

And you didn't have to pay tax, legal and other fees to purchase your property?  Can you realize $487k when you sell or do you have to pay realtor fees?  And that means you're not living in the place if you're renting it out so there's no need to consider rent paid for the renter.    

Do you want me to continue or can you cover that?  Oooops....you've just been proven wrong again.