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British Columbia
Surrey
405-13963 105 Boulevard

$559,000

405-13963 105 Boulevard, Surrey, BC, V3T 0M9

QuickQuote^TM: $434K - $583K

MLS® # R2967058

2 Beds

2 Baths

777 FEETSQ sqft

Property Information:

HQ Dwell - quality built 2 bedroom, 2 bath unit by Porte Homes. High ceiling, large windows brings lots of natural lights and make the unit very bright and spacious. The open concept kitchen with lots of cabinets, large island, SS appliances and the quartz countertops. Quality finishing's throughout include wide plank flooring, soft-close cabinetry & walk in closet space. The building has a well equipped fitness centre, yoga studio, social lounge with a bar, large dining table & a pool table, an outdoor terrace with BBQs & a fireplace, ping pong tables, & garden plots. Close to Shopping Malls, Restaurants, SFU Campus, the Skytrain, Hwy 1, mintues to all levels of school. Open House Saturday March 15 2-4pm

Building Features:

Floor Space: 777 Square Feet

Property Features:

Bedrooms: 2
Bathrooms: 2
Annual Tax Amount: $2,207
Appliances: Washer/Dryer, Dishwasher, Refrigerator, Cooktop
Architectural Style: Other
Association Amenities: Bike Room, Clubhouse, Exercise Centre, Recreation Facilities, Trash, Maintenance Grounds, Hot Water, Management
Basement: None
Built in: 2020
Community Features: Shopping Nearby
Condo Fees: $370
Exterior Features: Garden, Balcony
Floor Space (approx): 777 Square Feet
Heating: Baseboard, Electric
Interior Features: Elevator
Laundry Features: In Unit
Lot Features: Central Location, Recreation Nearby
Parking Features: Underground, Side Access, Concrete
Security Features: Smoke Detector(s), Fire Sprinkler System
Structure Type: Multi Family, Residential Attached
Window Features: Window Coverings
No. of Parking Spaces: 1

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Greater Vancouver REALTORS®, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® Reciprocity logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Greater Vancouver REALTORS®, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Greater Vancouver REALTORS®, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board.

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Potential Investment Performance

Cumulative ROI

109.5%

Cumulative Market Appreciation

$154,441

Net Operating Income in Year 5

$26,390

Cash on Cash Return in Year 5

-1.0%

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 %	$111,800
Mortgage Amount	$447,200
Mortgage Payment %	$2,320

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,813

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$894
Net Operating Income	$1,919

Debt Service
Mortgage Payment	$2,320

Net Cash Flow	-$400

Cap Rate

4.12%

Acquistion Costs

Down Payment $111,800

Land Transfer Tax $9,180

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $122,980

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	$111,800	-	-	-	-	-	-	-	-	-
Closing Costs	$11,180	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$6,957	$7,292	$7,642	$8,010	$8,395	$8,798	$9,221	$9,664	$10,129	$10,616
Total	$129,937	$7,292	$7,642	$8,010	$8,395	$8,798	$9,221	$9,664	$10,129	$10,616
Cash Invested	$129,937	$137,230	$144,873	$152,883	$161,278	$170,077	$179,298	$188,963	$199,093	$209,709

Rental Cash Flows
Rent and other income	$33,765	$34,778	$35,821	$36,896	$38,003	$39,143	$40,317	$41,527	$42,773	$44,056
Operating Expenses	-$10,728	-$10,977	-$11,232	-$11,494	-$11,762	-$12,036	-$12,317	-$12,605	-$12,900	-$13,202
Mortgage Payment	-$27,844	-$27,844	-$27,844	-$27,844	-$27,844	-$27,844	-$27,844	-$27,844	-$27,844	-$27,844
Net Cash Flow	-$4,806	-$4,042	-$3,255	-$2,441	-$1,602	-$737	$155	$1,077	$2,028	$3,009

Returns
Property Price Appreciation	$27,950	$29,347	$30,814	$32,355	$33,973	$35,672	$37,455	$39,328	$41,294	$43,359
Mortgage Paydown	$6,957	$7,292	$7,642	$8,010	$8,395	$8,798	$9,221	$9,664	$10,129	$10,616
Net Cash Flow	-$4,806	-$4,042	-$3,255	-$2,441	-$1,602	-$737	$155	$1,077	$2,028	$3,009
Total Return	$30,101	$32,596	$35,202	$37,923	$40,765	$43,733	$46,833	$50,070	$53,452	$56,985
Cumulative Return	$30,101	$62,698	$97,901	$135,824	$176,590	$220,324	$267,157	$317,228	$370,680	$427,666

Investment Metrics
Cumulative ROI	23.2%	45.7%	67.6%	88.8%	109.5%	129.5%	149.0%	167.9%	186.2%	203.9%
Cash On Cash	-3.7%	-2.9%	-2.2%	-1.6%	-1.0%	-0.4%	0.1%	0.6%	1.0%	1.4%