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British Columbia
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1608-1189 Howe Street

$718,000

2 Beds

2 Baths

792 FEETSQ

QuickQuote^TM: $660K - $804K

Vancouver BC, V6Z 2X4

MLS® # R2981605

Property Information:

Stunning city & mountain views from every room in this 792 sqft SW corner unit. Two bedrooms, two full baths, and an airy open layout with real granite counters, 7 appliances (including washer/dryer), and smart mirrors that amplify space. Walk out from the living area to a spacious balcony (not included in sqft) - your private perch above urban energy,extra large storage included. Open House: Jul 19 (Sat) 1-2:30 PM

Building Features:

Floor Space: 792 Square Feet

Property Features:

Bedrooms: 2
Bathrooms: 2+0
Annual Tax Amount: $2,315
Appliances: Washer/Dryer, Dishwasher, Refrigerator, Humidifier, Microwave
Association Amenities: Bike Room, Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal
Basement: None
Built in: 1999
Community Features: Shopping Nearby
Condo Fees: $654
Exterior Features: Balcony
Floor Space (approx): 792 Square Feet
Heating: Baseboard, Electric
Interior Features: Guest Suite, Pantry
Laundry Features: In Unit
Levels: One
Lot Features: Central Location, Recreation Nearby
Other Equipment: Intercom
Parking Features: Underground, Guest, Lane Access, Rear Access, Garage Door Opener
Pool Features: Outdoor Pool
Security Features: Smoke Detector(s)
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

74.6%

Cumulative Market Appreciation

$32,152

Net Operating Income in Year 5

$53,934

Cash on Cash Return in Year 5

8.6%

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 %	$143,600
Mortgage Amount	$574,400
Mortgage Payment %	$2,980

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$5,389

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$1,451
Net Operating Income	$3,937

Debt Service
Mortgage Payment	$2,980

Net Cash Flow	$957

Cap Rate

6.58%

Acquistion Costs

Down Payment $143,600

Land Transfer Tax $12,360

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $157,960

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	$143,600	-	-	-	-	-	-	-	-	-
Closing Costs	$14,360	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$8,937	$9,366	$9,816	$10,288	$10,783	$11,301	$11,844	$12,413	$13,010	$13,635
Total	$166,897	$9,366	$9,816	$10,288	$10,783	$11,301	$11,844	$12,413	$13,010	$13,635
Cash Invested	$166,897	$176,263	$186,080	$196,369	$207,152	$218,453	$230,298	$242,712	$255,722	$269,358

Rental Cash Flows
Rent and other income	$64,672	$66,612	$68,611	$70,669	$72,789	$74,973	$77,222	$79,539	$81,925	$84,383
Operating Expenses	-$17,419	-$17,834	-$18,259	-$18,695	-$19,142	-$19,600	-$20,069	-$20,550	-$21,043	-$21,548
Mortgage Payment	-$35,763	-$35,763	-$35,763	-$35,763	-$35,763	-$35,763	-$35,763	-$35,763	-$35,763	-$35,763
Net Cash Flow	$11,489	$13,014	$14,587	$16,210	$17,883	$19,609	$21,389	$23,224	$25,118	$27,070

Returns
Property Price Appreciation	$6,318	$6,374	$6,430	$6,486	$6,543	$6,601	$6,659	$6,718	$6,777	$6,836
Mortgage Paydown	$8,937	$9,366	$9,816	$10,288	$10,783	$11,301	$11,844	$12,413	$13,010	$13,635
Net Cash Flow	$11,489	$13,014	$14,587	$16,210	$17,883	$19,609	$21,389	$23,224	$25,118	$27,070
Total Return	$26,745	$28,755	$30,834	$32,985	$35,210	$37,512	$39,893	$42,356	$44,905	$47,543
Cumulative Return	$26,745	$55,500	$86,335	$119,320	$154,530	$192,043	$231,936	$274,293	$319,198	$366,742

Investment Metrics
Cumulative ROI	16.0%	31.5%	46.4%	60.8%	74.6%	87.9%	100.7%	113.0%	124.8%	136.2%
Cash On Cash	6.9%	7.4%	7.8%	8.3%	8.6%	9.0%	9.3%	9.6%	9.8%	10.0%