Lake Pointe Condos - 253 Lake Driveway W - 1a - Ajax, ON, L1S 5B5
1.0 Beds
1 Bath
520 sqft
1.0 Beds
1 Bath
520 sqft
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $128,580 |
Mortgage Amount | $514,320 |
Mortgage Payment % | $2,668 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,014 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $550 |
Net Operating Income | $464 |
Debt Service | |
Mortgage Payment | $2,668 |
Net Cash Flow | -$2,204 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $96,432 | - | $32,145 | - | - | - | - | - | - | - |
Closing Costs | - | - | $25,836 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $3,288 | $8,160 | $8,552 | $8,963 | $9,394 | $9,845 | $10,319 | $10,815 |
Total | $96,432 | $0 | $61,269 | $8,160 | $8,552 | $8,963 | $9,394 | $9,845 | $10,319 | $10,815 |
Cash Invested | $96,432 | $96,432 | $157,701 | $165,862 | $174,414 | $183,378 | $192,772 | $202,618 | $212,937 | $223,753 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $5,070 | $12,386 | $12,918 | $13,474 | $14,053 | $14,657 | $15,288 | $15,945 |
Operating Expenses | - | - | -$2,750 | -$6,665 | -$6,825 | -$6,989 | -$7,157 | -$7,330 | -$7,508 | -$7,691 |
Mortgage Payment | - | - | -$13,342 | -$32,023 | -$32,023 | -$32,023 | -$32,023 | -$32,023 | -$32,023 | -$32,023 |
Net Cash Flow | - | - | -$11,022 | -$26,302 | -$25,929 | -$25,538 | -$25,127 | -$24,695 | -$24,243 | -$23,768 |
Returns | ||||||||||
Property Price Appreciation | $32,145 | $33,752 | $35,439 | $37,211 | $39,072 | $41,026 | $43,077 | $45,231 | $47,492 | $49,867 |
Mortgage Paydown | - | - | $3,288 | $8,160 | $8,552 | $8,963 | $9,394 | $9,845 | $10,319 | $10,815 |
Net Cash Flow | - | - | -$11,022 | -$26,302 | -$25,929 | -$25,538 | -$25,127 | -$24,695 | -$24,243 | -$23,768 |
Total Return | $32,145 | $33,752 | $27,705 | $19,069 | $21,695 | $24,451 | $27,344 | $30,381 | $33,568 | $36,913 |
Cumulative Return | $32,145 | $65,897 | $93,602 | $112,672 | $134,367 | $158,818 | $186,163 | $216,544 | $250,113 | $287,027 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 59.4% | 67.9% | 77.0% | 86.6% | 96.6% | 106.9% | 117.5% | 128.3% |
Cash On Cash | - | - | -7.0% | -15.9% | -14.9% | -13.9% | -13.0% | -12.2% | -11.4% | -10.6% |
-0.94%
Price change (1 year)
40.25%
Price change (5 years)