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 | - | - | $4,305 | $7,661 | $8,029 | $8,415 | $8,820 | $9,244 | $9,688 | $10,154 |
Total | $89,832 | $0 | $59,206 | $7,661 | $8,029 | $8,415 | $8,820 | $9,244 | $9,688 | $10,154 |
Cash Invested | $89,832 | $89,832 | $149,038 | $156,700 | $164,730 | $173,145 | $181,966 | $191,210 | $200,898 | $211,052 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $6,552 | $11,513 | $12,008 | $12,525 | $13,063 | $13,625 | $14,211 | $14,822 |
Operating Expenses | - | - | -$3,563 | -$6,193 | -$6,341 | -$6,493 | -$6,650 | -$6,811 | -$6,976 | -$7,145 |
Mortgage Payment | - | - | -$17,401 | -$29,831 | -$29,831 | -$29,831 | -$29,831 | -$29,831 | -$29,831 | -$29,831 |
Net Cash Flow | - | - | -$14,412 | -$24,510 | -$24,164 | -$23,799 | -$23,417 | -$23,016 | -$22,596 | -$22,154 |
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 | - | - | $4,305 | $7,661 | $8,029 | $8,415 | $8,820 | $9,244 | $9,688 | $10,154 |
Net Cash Flow | - | - | -$14,412 | -$24,510 | -$24,164 | -$23,799 | -$23,417 | -$23,016 | -$22,596 | -$22,154 |
Total Return | $29,945 | $31,442 | $22,907 | $17,815 | $20,264 | $22,833 | $25,531 | $28,362 | $31,334 | $34,453 |
Cumulative Return | $29,945 | $61,387 | $84,294 | $102,110 | $122,374 | $145,208 | $170,740 | $199,103 | $230,437 | $264,891 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 56.6% | 65.2% | 74.3% | 83.9% | 93.8% | 104.1% | 114.7% | 125.5% |
Cash On Cash | - | - | -9.7% | -15.6% | -14.7% | -13.7% | -12.9% | -12.0% | -11.2% | -10.5% |
5.5%
Price change (1 year)
47.44%
Price change (5 years)
5.7%
Price change (1 year)
47.61%
Price change (5 years)