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Royal LePage
Royal LePage
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$445,888

23 REDBUD DRIVE, Chatham, Ontario, N7M 4E6

QuickQuoteTM: $394K - $479K
MLS® # 24028725

3+1 Beds

2 Baths

MULTIMEDIA

Property Information:

Peaceful quiet, Cul De Sac on Chatham's south end. Tree covered for privacy and tranquility. great neighborhood home! Featuring 3+1 bedrooms, open kitchen and dining area,leading to huge outdoor deck. large open living room. 4 piece bathroom upstairs. Quiet,peaceful backyard with lots of trees for shade. The basement offers a plus one bedroom, lovely family room, fantastic utility/workshop room and a 2 piece bathroom and a bright airy laundry room. This great homestead is open for offers. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Rancher
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick
  • Flooring Type: Laminate
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Stove, Washer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3+1
  • Bathrooms: 2
  • Half Bathrooms: 1
  • Built in: 1957
  • Features:
  • Irregular: Yes
  • Landscape Features: Landscaped
  • Lot Size: 48.84X128.48
  • Zoning: RES

Rooms:

  • Bathroom Lower Level Measurements not available
  • Laundry Lower Level Measurements not available
  • Storage Lower Level Measurements not available
  • Bedroom Lower Level Measurements not available
  • Family Lower Level Measurements not available
  • Bathroom Main Level Measurements not available
  • Bedroom Main Level Measurements not available
  • Bedroom Main Level Measurements not available
  • Primary Bedroom Main Level Measurements not available
  • Foyer Main Level Measurements not available
  • Kitchen Main Level Measurements not available
  • Dining Main Level Measurements not available
  • Living Main Level Measurements not available

Courtesy of: EXP REALTY

REALTOR.ca  

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Potential Investment Performance

Cumulative ROI

131.7%

Cumulative Market Appreciation

$123,190

Net Operating Income in Year 5

$26,707

Cash on Cash Return in Year 5

3.4%

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
%
$89,178
Mortgage Amount $356,710
Mortgage Payment
%
$1,850

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,639
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $688
Net Operating Income $1,951
Debt Service
Mortgage Payment $1,850
Net Cash Flow $100

Cap Rate

5.25%

Acquistion Costs

Down Payment $89,178
Land Transfer Tax $5,392
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $96,570

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $89,178 - - - - - - - - -
Closing Costs $7,392 - - - - - - - - -
Mortgage Paydown $5,550$5,816$6,096$6,389$6,696$7,018$7,355$7,709$8,079$8,468
Total $102,120$5,816$6,096$6,389$6,696$7,018$7,355$7,709$8,079$8,468
Cash Invested $102,120$107,936$114,033$120,422$127,118$134,137$141,492$149,202$157,281$165,749
Rental Cash Flows
Rent and other income $31,678$32,628$33,607$34,616$35,654$36,724$37,825$38,960$40,129$41,333
Operating Expenses -$8,265-$8,473-$8,686-$8,905-$9,129-$9,360-$9,596-$9,839-$10,088-$10,343
Mortgage Payment -$22,209-$22,209-$22,209-$22,209-$22,209-$22,209-$22,209-$22,209-$22,209-$22,209
Net Cash Flow $1,203$1,945$2,711$3,500$4,314$5,154$6,019$6,911$7,831$8,779
Returns
Property Price Appreciation $22,294$23,409$24,579$25,808$27,098$28,453$29,876$31,370$32,938$34,585
Mortgage Paydown $5,550$5,816$6,096$6,389$6,696$7,018$7,355$7,709$8,079$8,468
Net Cash Flow $1,203$1,945$2,711$3,500$4,314$5,154$6,019$6,911$7,831$8,779
Total Return $29,047$31,171$33,387$35,698$38,110$40,626$43,251$45,991$48,850$51,833
Cumulative Return $29,047$60,219$93,606$129,305$167,415$208,042$251,293$297,285$346,135$397,969
Investment Metrics
Cumulative ROI 28.4% 55.8% 82.1% 107.4% 131.7% 155.1% 177.6% 199.2% 220.1% 240.1%
Cash On Cash 1.2% 1.8% 2.4% 2.9% 3.4% 3.8% 4.3% 4.6% 5.0% 5.3%
QuickQuoteTM Powered by RPS
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Market Price Trends

Condominium

-2.44%

Price change (1 year)

-0.87%

Price change (5 years)

All Properties

-1.51%

Price change (1 year)

3.44%

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 23 REDBUD DRIVE, Chatham, Ontario, N7M 4E6

Demographic Information of 23 REDBUD DRIVE, Chatham, Ontario, N7M 4E6

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$99,042.45

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.21 %

High school certificate or equivalent

34.27 %

Apprenticeship trade certificate/diploma

7.35 %

College/non-university certificate

28.44 %

University certificate (below bachelor)

0.04 %

University Degree

10.68 %

Commuter

Travel To Work

By Car

93.37 %

By Public Transit

0.0 %

By Walking

3.87 %

By Bicycle

0.0 %

By Other Methods

2.76 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.01 %

Houses

86.99 %

Own Vs. Rent

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