Lake Pointe Condos - 253 Lake Driveway W - 2ai_a - Ajax, ON, L1S 5B5
2.0 Beds
2 Baths
694 sqft
2.0 Beds
2 Baths
694 sqft
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $152,580 |
Mortgage Amount | $610,320 |
Mortgage Payment % | $3,166 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,691 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $741 |
Net Operating Income | $949 |
Debt Service | |
Mortgage Payment | $3,166 |
Net Cash Flow | -$2,216 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $114,432 | - | $38,145 | - | - | - | - | - | - | - |
Closing Costs | - | - | $28,236 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $3,902 | $9,683 | $10,148 | $10,636 | $11,147 | $11,683 | $12,245 | $12,833 |
Total | $114,432 | $0 | $70,283 | $9,683 | $10,148 | $10,636 | $11,147 | $11,683 | $12,245 | $12,833 |
Cash Invested | $114,432 | $114,432 | $184,715 | $194,398 | $204,547 | $215,184 | $226,332 | $238,016 | $250,261 | $263,095 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $8,458 | $20,663 | $21,551 | $22,478 | $23,445 | $24,453 | $25,504 | $26,601 |
Operating Expenses | - | - | -$3,708 | -$8,992 | -$9,216 | -$9,446 | -$9,683 | -$9,926 | -$10,177 | -$10,434 |
Mortgage Payment | - | - | -$15,833 | -$38,000 | -$38,000 | -$38,000 | -$38,000 | -$38,000 | -$38,000 | -$38,000 |
Net Cash Flow | - | - | -$11,084 | -$26,330 | -$25,665 | -$24,968 | -$24,238 | -$23,474 | -$22,673 | -$21,834 |
Returns | ||||||||||
Property Price Appreciation | $38,145 | $40,052 | $42,054 | $44,157 | $46,365 | $48,683 | $51,117 | $53,673 | $56,357 | $59,175 |
Mortgage Paydown | - | - | $3,902 | $9,683 | $10,148 | $10,636 | $11,147 | $11,683 | $12,245 | $12,833 |
Net Cash Flow | - | - | -$11,084 | -$26,330 | -$25,665 | -$24,968 | -$24,238 | -$23,474 | -$22,673 | -$21,834 |
Total Return | $38,145 | $40,052 | $34,873 | $27,510 | $30,849 | $34,351 | $38,027 | $41,883 | $45,929 | $50,175 |
Cumulative Return | $38,145 | $78,197 | $113,070 | $140,581 | $171,430 | $205,782 | $243,809 | $285,693 | $331,623 | $381,798 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 61.2% | 72.3% | 83.8% | 95.6% | 107.7% | 120.0% | 132.5% | 145.1% |
Cash On Cash | - | - | -6.0% | -13.5% | -12.5% | -11.6% | -10.7% | -9.9% | -9.1% | -8.3% |
10.78%
Price change (1 year)
29.03%
Price change (5 years)
10.78%
Price change (1 year)
29.03%
Price change (5 years)