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British Columbia
Kelowna
965 Graham Road

$899,000

965 Graham Road, Kelowna, British Columbia, V1X 5X4

QuickQuote^TM: $824K - $1.0M

MLS® # 10337130

5 Beds

3 Baths

2264 FEETSQ sqft

Open House

Sat Mar. 15 12:00 PM - 2:00 PM

Property Information:

Centrally Located Home with Legal Suite - Ideal for Families & Investors! Located in the heart of Rutland, this spacious 5 bedroom, 2.5 bathroom home is perfect for families or investors. The main floor features 3 bedrooms and 1.5 bathrooms, while the basement offers a 2 bedrooms, 1 bathroom with a separate entrance and separate laundry - fantastic mortgage helper. Enjoy a covered deck, two garden sheds for extra storage, a large backyard, and ample parking. Conveniently situated minutes from shopping, within walking distance to Quigley and Springfield Elementry and Middle school, and just steps from public transit. The main floor is currently is vacant, and basement tenant allows for easy showings. Don't miss the incredible opportunity in a prime Rutland location. Recent Upgrades include: New upstairs flooring - 2024, Hot water tank - 2023, Central AC & Furnance - 2021. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Stucco, Vinyl siding
Fireplace Fuel: Gas
Fireplace Type: Unknown
Floor Space: 2264 sqft
Flooring Type: Ceramic Tile, Laminate, Vinyl
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Heating Fuel: Electric
Cooling Type: Central air conditioning
Appliances: Refrigerator, Dishwasher, Range - Electric

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 5
Bathrooms: 3
Half Bathrooms: 1
Amenities Nearby: Public Transit, Schools, Shopping
Built in: 1979
Community Features: Family Oriented
Features: Level lot
Fence Type: Fence
Floor Space (approx): 2264 Square Feet
Landscape Features: Landscaped
Zoning Type: See Remarks
Sewer: Municipal sewage system
Parking Type: See Remarks, Attached garage
No. of Parking Spaces: 1

Rooms:

Utility Basement Level 11'1'' x 9'3''
Kitchen Basement Level 11'1'' x 12'4''
Bedroom Basement Level 11'3'' x 11'6''
Bathroom Basement Level 11'1'' x 7'5''
Bedroom Basement Level 11'2'' x 13'8''
Family Basement Level 11'3'' x 19'10''
Bedroom Main Level 9'8'' x 12'0''
Bathroom Main Level 6'1'' x 7'3''
Primary Bedroom Main Level 11'1'' x 12'1''
Kitchen Main Level 13'1'' x 12'5''
Family Main Level 11'1'' x 12'4''
Bedroom Main Level 11'10'' x 13'6''
Bathroom Main Level 4'6'' x 7'4''
Dining Main Level 11'5'' x 8'8''
Living Main Level 12' x 22'3''

Courtesy of: Oakwyn Realty Okanagan

More Detail

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Potential Investment Performance

Cumulative ROI

93.5%

Cumulative Market Appreciation

$248,377

Net Operating Income in Year 5

$33,548

Cash on Cash Return in Year 5

-4.4%

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 %	$179,800
Mortgage Amount	$719,200
Mortgage Payment %	$3,731

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,430

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$983
Net Operating Income	$2,446

Debt Service
Mortgage Payment	$3,731

Net Cash Flow	-$1,285

Cap Rate

3.27%

Acquistion Costs

Down Payment $179,800

Land Transfer Tax $15,980

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $197,780

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	$179,800	-	-	-	-	-	-	-	-	-
Closing Costs	$17,980	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$11,189	$11,727	$12,291	$12,882	$13,501	$14,150	$14,830	$15,543	$16,290	$17,073
Total	$208,969	$11,727	$12,291	$12,882	$13,501	$14,150	$14,830	$15,543	$16,290	$17,073
Cash Invested	$208,969	$220,697	$232,989	$245,871	$259,372	$273,523	$288,353	$303,897	$320,187	$337,260

Rental Cash Flows
Rent and other income	$41,160	$42,394	$43,666	$44,976	$46,326	$47,715	$49,147	$50,621	$52,140	$53,704
Operating Expenses	-$11,804	-$12,095	-$12,394	-$12,700	-$13,014	-$13,337	-$13,668	-$14,007	-$14,355	-$14,712
Mortgage Payment	-$44,779	-$44,779	-$44,779	-$44,779	-$44,779	-$44,779	-$44,779	-$44,779	-$44,779	-$44,779
Net Cash Flow	-$15,423	-$14,480	-$13,507	-$12,503	-$11,468	-$10,401	-$9,300	-$8,165	-$6,994	-$5,787

Returns
Property Price Appreciation	$44,950	$47,197	$49,557	$52,035	$54,637	$57,368	$60,237	$63,249	$66,411	$69,732
Mortgage Paydown	$11,189	$11,727	$12,291	$12,882	$13,501	$14,150	$14,830	$15,543	$16,290	$17,073
Net Cash Flow	-$15,423	-$14,480	-$13,507	-$12,503	-$11,468	-$10,401	-$9,300	-$8,165	-$6,994	-$5,787
Total Return	$40,716	$44,445	$48,341	$52,413	$56,669	$61,118	$65,767	$70,627	$75,707	$81,018
Cumulative Return	$40,716	$85,161	$133,503	$185,917	$242,586	$303,705	$369,472	$440,099	$515,807	$596,825

Investment Metrics
Cumulative ROI	19.5%	38.6%	57.3%	75.6%	93.5%	111.0%	128.1%	144.8%	161.1%	177.0%
Cash On Cash	-7.4%	-6.6%	-5.8%	-5.1%	-4.4%	-3.8%	-3.2%	-2.7%	-2.2%	-1.7%