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Royal LePage
Royal LePage
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$350,000

5 MONTGOMERY CRESCENT, Chatham-Kent, Ontario, N8A 1P3

QuickQuoteTM: Not Available
MLS® # X9239972

2 Beds

1 Bath

1099.9909 - 1499.9875 FEETSQ sqft

Property Information:

Charming Single Family House bungalow on cul-de-sac .Rear single garage. Private driveway for four cars parking. Close to Downtown.Prime location. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Bungalow
  • Basement Type: Crawl space
  • Construction Style - Attachment: Detached
  • Exterior Finish: Aluminum siding
  • Floor Space: 1099.9909 - 1499.9875 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Stove, Refrigerator

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 2
  • Bathrooms: 1
  • Floor Space (approx): 1099.9909 - 1499.9875 Square Feet
  • Irregular: Yes
  • Lot Depth: 136.1 Feet
  • Lot Frontage: 26.0 Feet
  • Lot Size: 26 x 136.1 FT
  • Utility Type: Cable - Installed, Sewer - Installed
  • Zoning: Residential
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage
  • No. of Parking Spaces: 4

Courtesy of: NATIONAL COMMERCIAL BROKERAGE REAL ESTATE INC.

REALTOR.ca  

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Potential Investment Performance

Cumulative ROI

138.8%

Cumulative Market Appreciation

$96,698

Net Operating Income in Year 5

$22,464

Cash on Cash Return in Year 5

4.9%

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
%
$70,000
Mortgage Amount $280,000
Mortgage Payment
%
$1,452

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 $594
Net Operating Income $1,640
Debt Service
Mortgage Payment $1,452
Net Cash Flow $187

Cap Rate

5.62%

Acquistion Costs

Down Payment $70,000
Land Transfer Tax $3,725
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $75,725

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $70,000 - - - - - - - - -
Closing Costs $5,725 - - - - - - - - -
Mortgage Paydown $4,356$4,565$4,785$5,015$5,256$5,509$5,773$6,051$6,342$6,647
Total $80,081$4,565$4,785$5,015$5,256$5,509$5,773$6,051$6,342$6,647
Cash Invested $80,081$84,647$89,432$94,448$99,704$105,213$110,987$117,038$123,380$130,027
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 -$7,134-$7,313-$7,496-$7,684-$7,877-$8,075-$8,278-$8,487-$8,701-$8,920
Mortgage Payment -$17,433-$17,433-$17,433-$17,433-$17,433-$17,433-$17,433-$17,433-$17,433-$17,433
Net Cash Flow $2,252$2,878$3,524$4,189$4,875$5,583$6,313$7,065$7,841$8,640
Returns
Property Price Appreciation $17,500$18,374$19,293$20,258$21,271$22,334$23,451$24,624$25,855$27,148
Mortgage Paydown $4,356$4,565$4,785$5,015$5,256$5,509$5,773$6,051$6,342$6,647
Net Cash Flow $2,252$2,878$3,524$4,189$4,875$5,583$6,313$7,065$7,841$8,640
Total Return $24,109$25,819$27,603$29,463$31,403$33,427$35,538$37,741$40,038$42,436
Cumulative Return $24,109$49,928$77,531$106,995$138,398$171,826$207,365$245,106$285,144$327,580
Investment Metrics
Cumulative ROI 30.1% 59.0% 86.7% 113.3% 138.8% 163.3% 186.8% 209.4% 231.1% 251.9%
Cash On Cash 2.8% 3.4% 3.9% 4.4% 4.9% 5.3% 5.7% 6.0% 6.4% 6.6%
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Market Price Trends

All Properties

3.88%

Price change (1 year)

58.26%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 5 MONTGOMERY CRESCENT, Chatham-Kent, Ontario, N8A 1P3

Demographic Information of 5 MONTGOMERY CRESCENT, Chatham-Kent, Ontario, N8A 1P3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$78,292.80

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.17 %

High school certificate or equivalent

45.38 %

Apprenticeship trade certificate/diploma

5.81 %

College/non-university certificate

20.92 %

University Degree

2.72 %

Commuter

Travel To Work

By Car

90.31 %

By Public Transit

0.0 %

By Walking

8.1 %

By Bicycle

0.0 %

By Other Methods

1.59 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

10.27 %

Houses

89.73 %

Own Vs. Rent

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