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$924,080

Kingsley Square - 693 Davis Dr - b1003_2j - Newmarket, ON, L3Y 2R2

MLS® # PB902-B1003_2J

2.0 Beds

2 Baths

923 sqft

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 923

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

63.3%

Cumulative Market Appreciation

$255,306

Net Operating Income in Year 5

$18,698

Cash on Cash Return in Year 5

-10.1%

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
%
$184,816
Mortgage Amount $739,264
Mortgage Payment
%
$3,835

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,249
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $1,020
Net Operating Income $1,229
Debt Service
Mortgage Payment $3,835
Net Cash Flow -$2,606

Acquistion Costs

Deposit $92,408
Land Transfer Tax $14,956
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $92,408
Total Acquisition Costs $216,272

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $41,204
Due on Occupancy $46,204
Total Deposit $92,408
Closing Date Jun 1, 2025

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $92,408 - - - - - - - - -
Closing Costs $123,864 - - - - - - - - -
Mortgage Paydown $8,575$11,914$12,486$13,087$13,716$14,375$15,066$15,790$16,549$17,344
Total $224,847$11,914$12,486$13,087$13,716$14,375$15,066$15,790$16,549$17,344
Cash Invested $224,847$236,762$249,249$262,336$276,052$290,427$305,494$321,284$337,834$355,179
Rental Cash Flows
Rent and other income $20,248$27,868$29,066$30,316$31,620$32,979$34,398$35,877$37,419$39,028
Operating Expenses -$9,181-$12,468-$12,777-$13,094-$13,420-$13,756-$14,101-$14,456-$14,821-$15,197
Mortgage Payment -$34,521-$46,028-$46,028-$46,028-$46,028-$46,028-$46,028-$46,028-$46,028-$46,028
Net Cash Flow -$23,454-$30,628-$29,739-$28,806-$27,829-$26,805-$25,732-$24,607-$23,430-$22,197
Returns
Property Price Appreciation $46,204$48,514$50,939$53,486$56,161$58,969$61,917$65,013$68,264$71,677
Mortgage Paydown $8,575$11,914$12,486$13,087$13,716$14,375$15,066$15,790$16,549$17,344
Net Cash Flow -$23,454-$30,628-$29,739-$28,806-$27,829-$26,805-$25,732-$24,607-$23,430-$22,197
Total Return $31,325$29,799$33,687$37,767$42,048$46,539$51,252$56,196$61,383$66,825
Cumulative Return $31,325$61,124$94,812$132,579$174,628$221,167$272,420$328,616$389,999$456,824
Investment Metrics
Cumulative ROI 13.9% 25.8% 38.0% 50.5% 63.3% 76.2% 89.2% 102.3% 115.4% 128.6%
Cash On Cash -10.4% -12.9% -11.9% -11.0% -10.1% -9.2% -8.4% -7.7% -6.9% -6.2%

Location of b1003_2j-693 Davis Dr, Newmarket, ON, L3Y 2R2

Demographic Information of b1003_2j-693 Davis Dr, Newmarket, ON, L3Y 2R2

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$114,369.59

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.27 %

High school certificate or equivalent

33.22 %

Apprenticeship trade certificate/diploma

5.71 %

College/non-university certificate

23.09 %

University Degree

23.72 %

Commuter

Travel To Work

By Car

90.89 %

By Public Transit

2.97 %

By Walking

3.83 %

By Bicycle

0.0 %

By Other Methods

2.31 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.37 %

Houses

73.63 %

Own Vs. Rent