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$614,900

2 Beds

2 Baths

759 sqft

c8_building_3-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Langley Township BC, V2Y 1S3

MLS® # PB876-C8_BUILDING_3
C8_Building_3 - Jericho Park by Essence Properties

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 759

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

86.1%

Cumulative Market Appreciation

$169,885

Net Operating Income in Year 5

$15,264

Cash on Cash Return in Year 5

-10.4%

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 $1,850
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $847
Net Operating Income $1,002
Debt Service
Mortgage Payment $2,552
Net Cash Flow -$1,549

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 - - $3,145$7,804$8,180$8,573$8,985$9,417$9,869$10,344
Total $61,490$0$91,433$7,804$8,180$8,573$8,985$9,417$9,869$10,344
Cash Invested $61,490$61,490$152,923$160,728$168,908$177,481$186,466$195,884$205,753$216,098
Rental Cash Flows
Rent and other income - - $9,250$22,598$23,570$24,583$25,640$26,743$27,893$29,092
Operating Expenses - - -$4,237-$10,274-$10,527-$10,788-$11,056-$11,331-$11,615-$11,906
Mortgage Payment - - -$12,761-$30,628-$30,628-$30,628-$30,628-$30,628-$30,628-$30,628
Net Cash Flow - - -$7,748-$18,304-$17,585-$16,832-$16,043-$15,216-$14,350-$13,442
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 - - $3,145$7,804$8,180$8,573$8,985$9,417$9,869$10,344
Net Cash Flow - - -$7,748-$18,304-$17,585-$16,832-$16,043-$15,216-$14,350-$13,442
Total Return $30,745$32,282$29,292$25,091$27,964$30,979$34,142$37,461$40,943$44,597
Cumulative Return $30,745$63,027$92,320$117,412$145,376$176,356$210,499$247,960$288,904$333,502
Investment Metrics
Cumulative ROI 50.0% 102.5% 60.4% 73.0% 86.1% 99.4% 112.9% 126.6% 140.4% 154.3%
Cash On Cash - - -5.1% -11.4% -10.4% -9.5% -8.6% -7.8% -7.0% -6.2%

Location of c8_building_3-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Demographic Information of c8_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