$154,900

10209 17 Street Unit# 111, Dawson Creek, British Columbia, V1G 4C3

QuickQuote^TM: Not Available

MLS® # 10313323

1 Beds

1 Bath

598 FEETSQ sqft

Property Information:

Turn key second floor condos for sale, and you can own the whole floor! There are 3 ;1 bedroom, 1 bathroom units above the garages of this complex and they all have their own laundry, full kitchen, full bath, roomy living room and a good sized bedroom. These units are currently rented for $1,600 each including utilities and they are all furnished. This home is great for people on the go, first time buyer, investors or for the lock up and leave lifestyle. With a nice open floor plan & plenty of natural light , you won't be disappointed. Unit 112 comes with a garage. (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Exterior Finish: Vinyl siding
Floor Space: 598 sqft
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Baseboard heaters
Heating Fuel: Electric
Appliances: Range, Refrigerator

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 1
Bathrooms: 1
Built in: 2010
Community Features: Rentals Allowed
Condo Fees: $142 Monthly
Floor Space (approx): 598 Square Feet
MaintenanceFee Type: Insurance, Other, See Remarks
Zoning Type: Residential
Sewer: Municipal sewage system
Parking Type: See Remarks, Other
No. of Parking Spaces: 1

Rooms:

Bathroom Main Level Measurements not available
Primary Bedroom Main Level 12'0'' x 9'0''
Dining Main Level 10'0'' x 9'0''
Living Main Level 11'0'' x 9'0''
Kitchen Main Level 9'0'' x 8'0''

Courtesy of: RE/MAX Dawson Creek Realty

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Potential Investment Performance

Cumulative ROI

76.2%

Cumulative Market Appreciation

$16,709

Net Operating Income in Year 5

$9,801

Cash on Cash Return in Year 5

4.5%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$30,980
Mortgage Amount	$123,920
Mortgage Payment %	$642

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,078

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$367
Net Operating Income	$711

Debt Service
Mortgage Payment	$642

Net Cash Flow	$68

Cap Rate

5.51%

Acquistion Costs

Down Payment $30,980

Land Transfer Tax $1,549

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $34,529

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$30,980	-	-	-	-	-	-	-	-	-
Closing Costs	$3,549	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$1,928	$2,020	$2,117	$2,219	$2,326	$2,438	$2,555	$2,678	$2,806	$2,941
Total	$36,457	$2,020	$2,117	$2,219	$2,326	$2,438	$2,555	$2,678	$2,806	$2,941
Cash Invested	$36,457	$38,477	$40,595	$42,815	$45,141	$47,579	$50,135	$52,813	$55,620	$58,561

Rental Cash Flows
Rent and other income	$12,946	$13,334	$13,734	$14,146	$14,571	$15,008	$15,458	$15,922	$16,400	$16,892
Operating Expenses	-$4,406	-$4,508	-$4,612	-$4,718	-$4,827	-$4,939	-$5,053	-$5,170	-$5,290	-$5,412
Mortgage Payment	-$7,715	-$7,715	-$7,715	-$7,715	-$7,715	-$7,715	-$7,715	-$7,715	-$7,715	-$7,715
Net Cash Flow	$824	$1,111	$1,407	$1,712	$2,028	$2,353	$2,689	$3,036	$3,394	$3,763

Returns
Property Price Appreciation	$3,206	$3,272	$3,340	$3,409	$3,480	$3,552	$3,625	$3,700	$3,777	$3,855
Mortgage Paydown	$1,928	$2,020	$2,117	$2,219	$2,326	$2,438	$2,555	$2,678	$2,806	$2,941
Net Cash Flow	$824	$1,111	$1,407	$1,712	$2,028	$2,353	$2,689	$3,036	$3,394	$3,763
Total Return	$5,958	$6,404	$6,865	$7,342	$7,834	$8,344	$8,871	$9,415	$9,978	$10,561
Cumulative Return	$5,958	$12,363	$19,228	$26,571	$34,405	$42,750	$51,621	$61,037	$71,015	$81,577

Investment Metrics
Cumulative ROI	16.3%	32.1%	47.4%	62.1%	76.2%	89.8%	103.0%	115.6%	127.7%	139.3%
Cash On Cash	2.3%	2.9%	3.5%	4.0%	4.5%	4.9%	5.4%	5.7%	6.1%	6.4%