Lake Pointe Condos - 253 Lake Driveway W - 1c - Ajax, ON, L1S 5B5
1.0 Beds
1 Bath
480 sqft
1.0 Beds
1 Bath
480 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $119,780 |
Mortgage Amount | $479,120 |
Mortgage Payment % | $2,485 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $936 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $509 |
Net Operating Income | $427 |
Debt Service | |
Mortgage Payment | $2,485 |
Net Cash Flow | -$2,058 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $89,832 | - | $29,945 | - | - | - | - | - | - | - |
Closing Costs | - | - | $24,956 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $3,683 | $7,631 | $7,998 | $8,382 | $8,785 | $9,208 | $9,650 | $10,114 |
Total | $89,832 | $0 | $58,584 | $7,631 | $7,998 | $8,382 | $8,785 | $9,208 | $9,650 | $10,114 |
Cash Invested | $89,832 | $89,832 | $148,416 | $156,048 | $164,046 | $172,429 | $181,215 | $190,423 | $200,073 | $210,188 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $5,616 | $11,473 | $11,966 | $12,481 | $13,018 | $13,577 | $14,161 | $14,770 |
Operating Expenses | - | - | -$3,054 | -$6,181 | -$6,328 | -$6,480 | -$6,637 | -$6,797 | -$6,962 | -$7,131 |
Mortgage Payment | - | - | -$14,915 | -$29,831 | -$29,831 | -$29,831 | -$29,831 | -$29,831 | -$29,831 | -$29,831 |
Net Cash Flow | - | - | -$12,353 | -$24,538 | -$24,193 | -$23,830 | -$23,450 | -$23,050 | -$22,631 | -$22,192 |
Returns | ||||||||||
Property Price Appreciation | $29,945 | $31,442 | $33,014 | $34,665 | $36,398 | $38,218 | $40,129 | $42,135 | $44,242 | $46,454 |
Mortgage Paydown | - | - | $3,683 | $7,631 | $7,998 | $8,382 | $8,785 | $9,208 | $9,650 | $10,114 |
Net Cash Flow | - | - | -$12,353 | -$24,538 | -$24,193 | -$23,830 | -$23,450 | -$23,050 | -$22,631 | -$22,192 |
Total Return | $29,945 | $31,442 | $24,344 | $17,757 | $20,203 | $22,770 | $25,464 | $28,292 | $31,261 | $34,376 |
Cumulative Return | $29,945 | $61,387 | $85,731 | $103,489 | $123,692 | $146,462 | $171,927 | $200,219 | $231,481 | $265,857 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 57.8% | 66.3% | 75.4% | 84.9% | 94.9% | 105.1% | 115.7% | 126.5% |
Cash On Cash | - | - | -8.3% | -15.7% | -14.7% | -13.8% | -12.9% | -12.1% | -11.3% | -10.6% |
9.89%
Price change (1 year)
28.27%
Price change (5 years)