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Royal LePage
Royal LePage
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$989,000

1410 Tanemura Crescent, Kelowna, BC, V1P 1R5

QuickQuoteTM: $959K - $1.1M
MLS® # 10336163

4 Beds

4 Baths

4967 FEETSQ sqft

Property Information:

"$385,000 below BC ASSESSMENT"Looking for a home to put some work into and get a return on your hard work? This home has the opportunity for you to do just that. The house is over 5,000 sq feet and offers so much, Theater room, games room 4 bedroom 4 bath home. Please have your agent call me to discuss this. Court Ordered Sale. Property sold "As is, Where is" and subject to Court Approval. Schedule A to form a part of all offers

Exclusions : Personal items

Property Features:

  • Bedrooms: 4
  • Bathrooms: 3+1
  • Annual Tax Amount: $6,721
  • Appliances: Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Washer
  • Architectural Style: Modern
  • Built in: 2008
  • Community Features: Near Schools, Park, Recreation Area, Airport/Runway, Shopping
  • Construction Materials: Fiber Cement, Wood Frame
  • Cooling: Central Air
  • Exterior Features: Sprinkler/Irrigation
  • Floor Space (approx): 4967 Square Feet
  • Flooring: Hardwood, Partially Carpeted, Tile
  • Heating: Forced Air, Natural Gas
  • Lot Size: 0.18 Acres
  • Parking Features: Additional Parking, Attached, Garage
  • Roof: Asphalt, Shingle
  • Utilities: Cable Available
  • View: City, Mountain(s)
  • Water Source: Irrigation District
  • Sewer: Public Sewer

Rooms:

  • Recreation Room Basement Level 7.32 m x 5.79 m
  • Storage Basement Level 4.88 m x 4.27 m
  • Games Basement Level 6.10 m x 4.57 m
  • Media Room Basement Level 7.21 m x 6.40 m
  • Bathroom Basement Level 2.34 m x 4.57 m
  • Bedroom Basement Level 5.18 m x 4.47 m
  • Pantry Main Level 2.44 m x 2.44 m
  • Laundry Main Level 2.29 m x 2.44 m
  • Bathroom Main Level .00 m x .00 m
  • Kitchen Main Level 4.17 m x 4.67 m
  • Den Main Level 3.05 m x 3.81 m
  • Dining Main Level 2.74 m x 5.28 m
  • Great Room Main Level 4.88 m x 4.88 m
  • Ensuite Bathroom Main Level 4.72 m x 2.90 m
  • Primary Bedroom Main Level 5.18 m x 4.88 m
  • Bathroom 2nd Level 3.86 m x 2.39 m
  • Bedroom 2nd Level 3.96 m x 3.10 m
  • Bedroom 2nd Level 3.61 m x 3.66 m
  • Other Basement Level 5.43 m x 4.88 m

Convert Measurement to:


This listing content provided by Brokers PlaybookTM

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Potential Investment Performance

Cumulative ROI

96.2%

Cumulative Market Appreciation

$273,242

Net Operating Income in Year 5

$38,565

Cash on Cash Return in Year 5

-3.8%

Assumptions

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
%
$197,800
Mortgage Amount $791,200
Mortgage Payment
%
$4,105

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $4,061
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $1,254
Net Operating Income $2,807
Debt Service
Mortgage Payment $4,105
Net Cash Flow -$1,297

Cap Rate

3.41%

Acquistion Costs

Down Payment $197,800
Land Transfer Tax $17,780
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $217,580

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $197,800 - - - - - - - - -
Closing Costs $19,780 - - - - - - - - -
Mortgage Paydown $12,310$12,901$13,522$14,171$14,853$15,566$16,315$17,099$17,921$18,782
Total $229,890$12,901$13,522$14,171$14,853$15,566$16,315$17,099$17,921$18,782
Cash Invested $229,890$242,792$256,314$270,486$285,339$300,906$317,221$334,320$352,241$371,024
Rental Cash Flows
Rent and other income $48,740$50,203$51,709$53,260$54,858$56,504$58,199$59,945$61,743$63,595
Operating Expenses -$15,052-$15,418-$15,794-$16,179-$16,574-$16,979-$17,394-$17,820-$18,257-$18,705
Mortgage Payment -$49,262-$49,262-$49,262-$49,262-$49,262-$49,262-$49,262-$49,262-$49,262-$49,262
Net Cash Flow -$15,573-$14,477-$13,347-$12,181-$10,978-$9,737-$8,458-$7,137-$5,776-$4,371
Returns
Property Price Appreciation $49,450$51,922$54,518$57,244$60,106$63,112$66,267$69,581$73,060$76,713
Mortgage Paydown $12,310$12,901$13,522$14,171$14,853$15,566$16,315$17,099$17,921$18,782
Net Cash Flow -$15,573-$14,477-$13,347-$12,181-$10,978-$9,737-$8,458-$7,137-$5,776-$4,371
Total Return $46,186$50,346$54,693$59,235$63,981$68,941$74,124$79,542$85,205$91,123
Cumulative Return $46,186$96,532$151,225$210,460$274,442$343,383$417,508$497,050$582,255$673,379
Investment Metrics
Cumulative ROI 20.1% 39.8% 59.0% 77.8% 96.2% 114.1% 131.6% 148.7% 165.3% 181.5%
Cash On Cash -6.8% -6.0% -5.2% -4.5% -3.8% -3.2% -2.7% -2.1% -1.6% -1.2%
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Market Price Trends

All Properties

1.13%

Price change (1 year)

42.54%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1410 Tanemura Crescent, Kelowna, BC, V1P 1R5

Demographic Information of 1410 Tanemura Crescent, Kelowna, BC, V1P 1R5

Life Stage

Growing Families

Employment Type

Mixed

Average Household Income

$127,940.86

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.17 %

High school certificate or equivalent

33.46 %

Apprenticeship trade certificate/diploma

11.78 %

College/non-university certificate

25.83 %

University certificate (below bachelor)

1.81 %

University Degree

12.96 %

Commuter

Travel To Work

By Car

93.91 %

By Public Transit

2.19 %

By Walking

1.17 %

By Bicycle

0.0 %

By Other Methods

2.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.29 %

Houses

99.71 %

Own Vs. Rent

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