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Ontario
Chatham
70 KERR AVENUE

$359,900

70 KERR AVENUE, Chatham, Ontario, N7L 1B9

QuickQuote^TM: $281K - $377K

MLS® # 25005141

4 Beds

1 Bath

FEETSQ sqft

Open House

Sat Apr. 26 2:00 PM - 4:00 PM

Property Information:

NEW PRICE!!! Check all the boxes with this beautiful storey and a half and bring an offer. This 3 bed / 1 bath home with a second sitting area upstairs all on a quiet street in Chatham. Touring, you will be looking at everything and around every corner, you just feel Warm and Cozy throughout. The main floor has hardwood floors, the kitchen alcove with a cushioned bench, large windows for great light and large rooms. Entertain on your 16x12 foot ground level deck in privacy with the fenced yard. Pride of ownership is very evident, there have been many updates over the years, hvac, windows, siding, roof, concrete drive, 16x12 deck, 10x10 shed, refinished the hardwood floors, kitchen and bathroom (Note the Fireplace is inoperative). Literally a ""Low Maintenance"" home for your enjoyment. Pictures don't do this home justice, so much to offer, it whispers warmth and coziness. See at our open house on Thursday 6-8 pm and Saturday 2-4 pm. (id:27)

Building Features:

Style: Detached
Building Type: House
Construction Style - Attachment: Detached
Exterior Finish:
Fireplace: Yes
Flooring Type: Hardwood
Foundation Type: Block
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: 4
Bathrooms: 1
Built in: 1949
Features:
Fence Type: Fence
Irregular: Yes
Landscape Features: Landscaped
Lot Size: 44.9X110.46
Zoning: Residentia

Rooms:

Other 2nd Level 3.66 m x 4.50 m
Bedroom 2nd Level 3.66 m x 2.92 m
Utility Basement Level 7.21 m x 3.73 m
Living Basement Level 7.21 m x 3.73 m
Bathroom Main Level Measurements not available
Bedroom Main Level 3.10 m x 2.34 m
Primary Bedroom Main Level 3.48 m x 3.10 m
Kitchen Main Level 3.51 m x 3.48 m
Living Main Level 5.64 m x 3.51 m
Foyer Main Level 1.22 m x 1.22 m

Convert Measurement to:

Courtesy of: GAGNER & ASSOCIATES EXCEL REALTY SERVICES INC. Brokerage

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Potential Investment Performance

Cumulative ROI

154.8%

Cumulative Market Appreciation

$99,433

Net Operating Income in Year 5

$26,585

Cash on Cash Return in Year 5

8.3%

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 %	$71,980
Mortgage Amount	$287,920
Mortgage Payment %	$1,493

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,589

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$646
Net Operating Income	$1,943

Debt Service
Mortgage Payment	$1,493

Net Cash Flow	$449

Cap Rate

6.48%

Acquistion Costs

Down Payment $71,980

Land Transfer Tax $3,873

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $77,853

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	$71,980	-	-	-	-	-	-	-	-	-
Closing Costs	$5,873	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$4,479	$4,695	$4,920	$5,157	$5,405	$5,664	$5,937	$6,222	$6,521	$6,835
Total	$82,332	$4,695	$4,920	$5,157	$5,405	$5,664	$5,937	$6,222	$6,521	$6,835
Cash Invested	$82,332	$87,027	$91,948	$97,105	$102,510	$108,175	$114,112	$120,335	$126,856	$133,691

Rental Cash Flows
Rent and other income	$31,076	$32,009	$32,969	$33,958	$34,977	$36,026	$37,107	$38,220	$39,367	$40,548
Operating Expenses	-$7,752	-$7,949	-$8,151	-$8,358	-$8,571	-$8,789	-$9,013	-$9,243	-$9,479	-$9,722
Mortgage Payment	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926
Net Cash Flow	$5,396	$6,132	$6,890	$7,672	$8,478	$9,309	$10,166	$11,049	$11,960	$12,898

Returns
Property Price Appreciation	$17,995	$18,894	$19,839	$20,831	$21,873	$22,966	$24,115	$25,320	$26,586	$27,916
Mortgage Paydown	$4,479	$4,695	$4,920	$5,157	$5,405	$5,664	$5,937	$6,222	$6,521	$6,835
Net Cash Flow	$5,396	$6,132	$6,890	$7,672	$8,478	$9,309	$10,166	$11,049	$11,960	$12,898
Total Return	$27,871	$29,722	$31,651	$33,661	$35,756	$37,941	$40,218	$42,593	$45,068	$47,650
Cumulative Return	$27,871	$57,594	$89,245	$122,906	$158,663	$196,605	$236,823	$279,417	$324,485	$372,135

Investment Metrics
Cumulative ROI	33.9%	66.2%	97.1%	126.6%	154.8%	181.7%	207.5%	232.2%	255.8%	278.4%
Cash On Cash	6.6%	7.0%	7.5%	7.9%	8.3%	8.6%	8.9%	9.2%	9.4%	9.6%