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$614,900

2 Beds

2 Baths

769 sqft

c13_building_3-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Langley Township BC, V2Y 1S3

MLS® # PB876-C13_BUILDING_3
C13_Building_3 - Jericho Park by Essence Properties

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 769

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

85.6%

Cumulative Market Appreciation

$169,885

Net Operating Income in Year 5

$15,491

Cash on Cash Return in Year 5

-10.2%

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
%
$122,980
Mortgage Amount $491,920
Mortgage Payment
%
$2,552

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,874
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $856
Net Operating Income $1,017
Debt Service
Mortgage Payment $2,552
Net Cash Flow -$1,534

Acquistion Costs

Deposit $61,490
Land Transfer Tax $10,298
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $61,490
Total Acquisition Costs $149,778

Deposit Schedule

With the Offer $0
Deposit @ 7 days $30,745
Deposit @ 0 days $30,745
Total Deposit $61,490
Closing Date Dec 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $61,490 - - - - - - - - -
Closing Costs - - $88,288 - - - - - - -
Mortgage Paydown - - $3,781$7,835$8,212$8,606$9,020$9,454$9,908$10,384
Total $61,490$0$92,069$7,835$8,212$8,606$9,020$9,454$9,908$10,384
Cash Invested $61,490$61,490$153,559$161,395$169,607$178,214$187,234$196,688$206,597$216,982
Rental Cash Flows
Rent and other income - - $11,246$22,976$23,964$24,995$26,070$27,191$28,360$29,579
Operating Expenses - - -$5,139-$10,406-$10,663-$10,927-$11,198-$11,478-$11,765-$12,061
Mortgage Payment - - -$15,314-$30,628-$30,628-$30,628-$30,628-$30,628-$30,628-$30,628
Net Cash Flow - - -$9,207-$18,057-$17,326-$16,560-$15,757-$14,915-$14,033-$13,109
Returns
Property Price Appreciation $30,745$32,282$33,896$35,591$37,370$39,239$41,201$43,261$45,424$47,695
Mortgage Paydown - - $3,781$7,835$8,212$8,606$9,020$9,454$9,908$10,384
Net Cash Flow - - -$9,207-$18,057-$17,326-$16,560-$15,757-$14,915-$14,033-$13,109
Total Return $30,745$32,282$28,470$25,368$28,256$31,285$34,464$37,799$41,299$44,970
Cumulative Return $30,745$63,027$91,498$116,866$145,123$176,408$210,873$248,673$289,972$334,942
Investment Metrics
Cumulative ROI 50.0% 102.5% 59.6% 72.4% 85.6% 99.0% 112.6% 126.4% 140.4% 154.4%
Cash On Cash - - -6.0% -11.2% -10.2% -9.3% -8.4% -7.6% -6.8% -6.0%

Location of c13_building_3-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Demographic Information of c13_building_3-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$139,213.19

Average Number of Children

1.96

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.85 %

High school certificate or equivalent

36.82 %

Apprenticeship trade certificate/diploma

6.95 %

College/non-university certificate

18.0 %

University certificate (below bachelor)

1.01 %

University Degree

24.38 %

Commuter

Travel To Work

By Car

91.29 %

By Public Transit

5.24 %

By Walking

1.22 %

By Bicycle

0.0 %

By Other Methods

2.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

100.0 %

Own Vs. Rent