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Royal LePage
Royal LePage
$275,000

5 ARNOLD STREET, Chatham-Kent, Ontario, N8A 3P3

QuickQuoteTM: $261K - $318K
MLS® # X9240493

2 Beds

1 Bath

FEETSQ sqft

Property Information:

Freestanding Bungalow in quiet area.Close to downtown. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Bungalow
  • Basement Type: Crawl space
  • Construction Style - Attachment: Detached
  • Exterior Finish: Aluminum siding
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Stove, Refrigerator

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 2
  • Bathrooms: 1
  • Irregular: Yes
  • Lot Depth: 125.0 Feet
  • Lot Frontage: 39.5 Feet
  • Lot Size: 39.5 x 125 FT
  • Utility Type: Cable - Installed
  • Zoning: Residential
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage
  • No. of Parking Spaces: 2

Courtesy of: NATIONAL COMMERCIAL BROKERAGE REAL ESTATE INC.

REALTOR.ca  

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Potential Investment Performance

Cumulative ROI

169.8%

Cumulative Market Appreciation

$75,977

Net Operating Income in Year 5

$22,867

Cash on Cash Return in Year 5

11.5%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$55,000
Mortgage Amount $220,000
Mortgage Payment
%
$1,141

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,235
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $563
Net Operating Income $1,671
Debt Service
Mortgage Payment $1,141
Net Cash Flow $530

Cap Rate

7.29%

Acquistion Costs

Down Payment $55,000
Land Transfer Tax $2,600
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $59,600

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $55,000 - - - - - - - - -
Closing Costs $4,600 - - - - - - - - -
Mortgage Paydown $3,422$3,587$3,759$3,940$4,130$4,328$4,536$4,754$4,983$5,222
Total $63,022$3,587$3,759$3,940$4,130$4,328$4,536$4,754$4,983$5,222
Cash Invested $63,022$66,610$70,370$74,310$78,440$82,769$87,306$92,060$97,043$102,266
Rental Cash Flows
Rent and other income $26,820$27,625$28,454$29,307$30,187$31,092$32,025$32,986$33,975$34,995
Operating Expenses -$6,762-$6,933-$7,109-$7,289-$7,474-$7,664-$7,859-$8,059-$8,265-$8,476
Mortgage Payment -$13,697-$13,697-$13,697-$13,697-$13,697-$13,697-$13,697-$13,697-$13,697-$13,697
Net Cash Flow $6,360$6,993$7,646$8,320$9,014$9,729$10,467$11,228$12,012$12,821
Returns
Property Price Appreciation $13,750$14,437$15,159$15,917$16,713$17,548$18,426$19,347$20,315$21,330
Mortgage Paydown $3,422$3,587$3,759$3,940$4,130$4,328$4,536$4,754$4,983$5,222
Net Cash Flow $6,360$6,993$7,646$8,320$9,014$9,729$10,467$11,228$12,012$12,821
Total Return $23,533$25,018$26,566$28,178$29,857$31,607$33,430$35,330$37,310$39,374
Cumulative Return $23,533$48,552$75,118$103,296$133,153$164,761$198,191$233,522$270,833$310,207
Investment Metrics
Cumulative ROI 37.3% 72.9% 106.7% 139.0% 169.8% 199.1% 227.0% 253.7% 279.1% 303.3%
Cash On Cash 10.1% 10.5% 10.9% 11.2% 11.5% 11.8% 12.0% 12.2% 12.4% 12.5%
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Market Price Trends

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Location of 5 ARNOLD STREET, Chatham-Kent, Ontario, N8A 3P3

Demographic Information of 5 ARNOLD STREET, Chatham-Kent, Ontario, N8A 3P3

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$98,061.04

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.37 %

High school certificate or equivalent

42.57 %

Apprenticeship trade certificate/diploma

4.22 %

College/non-university certificate

20.82 %

University certificate (below bachelor)

0.07 %

University Degree

10.95 %

Commuter

Travel To Work

By Car

92.73 %

By Public Transit

0.0 %

By Walking

2.25 %

By Bicycle

0.0 %

By Other Methods

5.02 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.15 %

Houses

97.85 %

Own Vs. Rent

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