Lake Pointe Condos - 253 Lake Driveway W - 310_1g_d - Ajax, ON, L1S 5B5
1.5 Beds
2 Baths
674 sqft
1.5 Beds
2 Baths
674 sqft
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $152,980 |
Mortgage Amount | $611,920 |
Mortgage Payment % | $3,174 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,961 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $757 |
Net Operating Income | $1,204 |
Debt Service | |
Mortgage Payment | $3,174 |
Net Cash Flow | -$1,970 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $114,732 | - | $38,245 | - | - | - | - | - | - | - |
Closing Costs | - | - | $28,276 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $3,912 | $9,708 | $10,175 | $10,664 | $11,177 | $11,714 | $12,277 | $12,867 |
Total | $114,732 | $0 | $70,433 | $9,708 | $10,175 | $10,664 | $11,177 | $11,714 | $12,277 | $12,867 |
Cash Invested | $114,732 | $114,732 | $185,165 | $194,874 | $205,050 | $215,714 | $226,891 | $238,606 | $250,883 | $263,751 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $9,806 | $23,957 | $24,987 | $26,062 | $27,183 | $28,351 | $29,571 | $30,842 |
Operating Expenses | - | - | -$3,785 | -$9,182 | -$9,417 | -$9,659 | -$9,907 | -$10,163 | -$10,427 | -$10,699 |
Mortgage Payment | - | - | -$15,874 | -$38,099 | -$38,099 | -$38,099 | -$38,099 | -$38,099 | -$38,099 | -$38,099 |
Net Cash Flow | - | - | -$9,854 | -$23,324 | -$22,529 | -$21,696 | -$20,824 | -$19,911 | -$18,956 | -$17,956 |
Returns | ||||||||||
Property Price Appreciation | $38,245 | $40,157 | $42,165 | $44,273 | $46,487 | $48,811 | $51,251 | $53,814 | $56,505 | $59,330 |
Mortgage Paydown | - | - | $3,912 | $9,708 | $10,175 | $10,664 | $11,177 | $11,714 | $12,277 | $12,867 |
Net Cash Flow | - | - | -$9,854 | -$23,324 | -$22,529 | -$21,696 | -$20,824 | -$19,911 | -$18,956 | -$17,956 |
Total Return | $38,245 | $40,157 | $36,223 | $30,657 | $34,133 | $37,779 | $41,604 | $45,616 | $49,826 | $54,241 |
Cumulative Return | $38,245 | $78,402 | $114,626 | $145,283 | $179,416 | $217,196 | $258,800 | $304,417 | $354,243 | $408,484 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 61.9% | 74.6% | 87.5% | 100.7% | 114.1% | 127.6% | 141.2% | 154.9% |
Cash On Cash | - | - | -5.3% | -12.0% | -11.0% | -10.1% | -9.2% | -8.3% | -7.6% | -6.8% |
-0.48%
Price change (1 year)
42.32%
Price change (5 years)