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British Columbia
Kelowna
1651 Lynrick Road Unit# 142

$559,800

1651 Lynrick Road Unit# 142, Kelowna, British Columbia, V1P 1R4

QuickQuote^TM: $547K - $666K

MLS® # 10334314

2 Beds

3 Baths

1296 FEETSQ sqft

Property Information:

Welcome to ""The Gates,"" a sought-after townhouse community nestled in the prestigious Black Mountain neighborhood. This stunning home boasts a bright and open layout, a stylish kitchen with granite countertops and stainless steel appliances, and brand-new updates, including carpet, paint, and a hot water tank. The main level offers a convenient powder room, while the upstairs features two spacious bedrooms, each with its own full ensuite. Additional highlights include air conditioning and a tandem garage. Perfectly located, this property is within walking distance of Black Mountain Elementary and just minutes from Black Mountain Golf Club and all major amenities. 1 dog or 1 cat, no size or breed restrictions (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Architectural Style: Split level entry
Construction Style - Attachment: Attached
Construction Style - Split Level: Other
Exterior Finish: Stucco
Fire Protection: Security system
Fireplace Fuel: Unknown
Fireplace Type: Decorative
Floor Space: 1296 sqft
Flooring Type: Carpeted, Laminate, Tile
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Cooling Type: Central air conditioning
Appliances: Refrigerator, Dishwasher, Dryer, Microwave, Washer, Oven - Built-In

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 2
Bathrooms: 3
Half Bathrooms: 1
Amenities Nearby: Recreation, Schools, Shopping, Ski area
Built in: 2008
Community Features: Family Oriented, High Traffic Area
Features: Private setting, Central island
Floor Space (approx): 1296 Square Feet
Lot Frontage: 15.0 Feet
Structure Type: Playground
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Attached garage
No. of Parking Spaces: 2

Rooms:

Bathroom 2nd Level 8'0'' x 8'2''
Bathroom 2nd Level 6'5'' x 8'2''
Primary Bedroom 2nd Level 13'6'' x 12'9''
Bedroom 2nd Level 12'10'' x 12'1''
Foyer Lower Level 10'9'' x 4'3''
Bathroom Main Level 4'5'' x 3'11''
Dining Main Level 11'2'' x 12'0''
Living Main Level 13'5'' x 15'3''
Kitchen Main Level 12'4'' x 11'8''

Courtesy of: RE/MAX Kelowna, RE/MAX Real Estate (Kamloops)

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Potential Investment Performance

Cumulative ROI

95.6%

Cumulative Market Appreciation

$154,662

Net Operating Income in Year 5

$21,609

Cash on Cash Return in Year 5

-4.0%

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 %	$111,960
Mortgage Amount	$447,840
Mortgage Payment %	$2,323

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,259

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$685
Net Operating Income	$1,573

Debt Service
Mortgage Payment	$2,323

Net Cash Flow	-$749

Cap Rate

3.37%

Acquistion Costs

Down Payment $111,960

Land Transfer Tax $9,196

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $123,156

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	$111,960	-	-	-	-	-	-	-	-	-
Closing Costs	$11,196	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$6,967	$7,302	$7,653	$8,021	$8,407	$8,811	$9,234	$9,678	$10,143	$10,631
Total	$130,123	$7,302	$7,653	$8,021	$8,407	$8,811	$9,234	$9,678	$10,143	$10,631
Cash Invested	$130,123	$137,426	$145,080	$153,102	$161,509	$170,320	$179,555	$189,234	$199,378	$210,009

Rental Cash Flows
Rent and other income	$27,114	$27,927	$28,765	$29,628	$30,517	$31,432	$32,375	$33,347	$34,347	$35,378
Operating Expenses	-$8,229	-$8,430	-$8,636	-$8,848	-$9,064	-$9,287	-$9,514	-$9,748	-$9,988	-$10,234
Mortgage Payment	-$27,883	-$27,883	-$27,883	-$27,883	-$27,883	-$27,883	-$27,883	-$27,883	-$27,883	-$27,883
Net Cash Flow	-$8,999	-$8,386	-$7,755	-$7,103	-$6,431	-$5,737	-$5,022	-$4,285	-$3,524	-$2,739

Returns
Property Price Appreciation	$27,990	$29,389	$30,858	$32,401	$34,022	$35,723	$37,509	$39,384	$41,353	$43,421
Mortgage Paydown	$6,967	$7,302	$7,653	$8,021	$8,407	$8,811	$9,234	$9,678	$10,143	$10,631
Net Cash Flow	-$8,999	-$8,386	-$7,755	-$7,103	-$6,431	-$5,737	-$5,022	-$4,285	-$3,524	-$2,739
Total Return	$25,958	$28,305	$30,757	$33,320	$35,998	$38,796	$41,721	$44,778	$47,973	$51,313
Cumulative Return	$25,958	$54,263	$85,021	$118,341	$154,339	$193,136	$234,857	$279,636	$327,609	$378,923

Investment Metrics
Cumulative ROI	19.9%	39.5%	58.6%	77.3%	95.6%	113.4%	130.8%	147.8%	164.3%	180.4%
Cash On Cash	-6.9%	-6.1%	-5.3%	-4.6%	-4.0%	-3.4%	-2.8%	-2.3%	-1.8%	-1.3%