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Chatham
17 De Graeve DRIVE

$350,000

17 De Graeve DRIVE, Chatham, Ontario, N7L 1N8

QuickQuote^TM: $339K - $413K

MLS® # 24024436

3 Beds

1 Bath

FEETSQ sqft

Open House

Sun Apr. 27 12:00 PM - 2:00 PM

Property Information:

Discover the charm of this meticulously maintained 1 1/2 story, 3-bedroom home, where pride of ownership shines through. The main floor features a cozy bedroom and a brightly lit eat-in kitchen, complete with a Suncatcher Garden Window and included appliances. The living room, adorned with a gas fireplace, creates a warm atmosphere for gatherings. An expansive family room addition boasts another gas fireplace and flows seamlessly into a delightful 3-season sunroom, ideal for relaxation. Laundry is located in the full basement, providing lots of extra space for storage. Step outside to a beautifully landscaped, fenced yard, complete with a gazebo, storage shed, and a serene pond, offering a perfect retreat for outdoor enjoyment and entertaining. (id:27)

Building Features:

Style: Detached
Building Type: House
Construction Style - Attachment: Detached
Exterior Finish:
Fireplace Fuel: Gas, Gas
Fireplace Type:
Flooring Type: Carpeted, Hardwood, Laminate
Foundation Type: Block, Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dryer, Refrigerator, Stove, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 1
Built in: 1952
Features:
Fence Type: Fence
Irregular: Yes
Landscape Features: Landscaped
Lot Size: 46.33XIRR
Zoning: RL3

Rooms:

Bedroom 2nd Level 3.25 m x 3.05 m
Bedroom 2nd Level 3.76 m x 2.79 m
Utility Basement Level 7.01 m x 6.91 m
Sun Room Main Level 4.67 m x 3.02 m
Family Main Level 5.97 m x 4.65 m
Living Main Level 4.98 m x 3.40 m
Bathroom Main Level 2.13 m x 1.45 m
Primary Bedroom Main Level 3.58 m x 2.79 m
Kitchen Main Level 4.19 m x 2.11 m
Foyer Main Level 1.07 m x 1.47 m

Convert Measurement to:

Courtesy of: CENTURY 21 MAPLE CITY REALTY LTD. Brokerage

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Potential Investment Performance

Cumulative ROI

129.3%

Cumulative Market Appreciation

$96,698

Net Operating Income in Year 5

$20,445

Cash on Cash Return in Year 5

2.9%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

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	$2,063

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$571
Net Operating Income	$1,491

Debt Service
Mortgage Payment	$1,452

Net Cash Flow	$39

Cap Rate

5.12%

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 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 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	$24,761	$25,504	$26,269	$27,057	$27,869	$28,705	$29,566	$30,453	$31,367	$32,308
Operating Expenses	-$6,858	-$7,028	-$7,203	-$7,382	-$7,566	-$7,755	-$7,949	-$8,147	-$8,351	-$8,560
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	$469	$1,041	$1,632	$2,241	$2,868	$3,516	$4,183	$4,872	$5,582	$6,314

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	$469	$1,041	$1,632	$2,241	$2,868	$3,516	$4,183	$4,872	$5,582	$6,314
Total Return	$22,325	$23,982	$25,711	$27,514	$29,396	$31,360	$33,409	$35,547	$37,779	$40,109
Cumulative Return	$22,325	$46,308	$72,020	$99,535	$128,931	$160,292	$193,701	$229,249	$267,029	$307,138

Investment Metrics
Cumulative ROI	27.9%	54.7%	80.5%	105.4%	129.3%	152.3%	174.5%	195.9%	216.4%	236.2%
Cash On Cash	0.6%	1.2%	1.8%	2.4%	2.9%	3.3%	3.8%	4.2%	4.5%	4.9%