$950,000

595 OLD GOULAIS BAY ROAD, Sault Ste Marie, Ontario, P6A 0B5

QuickQuote^TM: Not Available

MLS® # X10929612

2 Beds

2 Baths

2499.9795 - 2999.975 FEETSQ sqft

MULTIMEDIA

Property Information:

Private Acreage within City limits with Water, Sewer and Fiber Optic. Barn style home, green house, fire pit and picnic area, trails through out, vegetable and flower gardens, raised deck with glass panels that doubles as a car port. 40' x 80' massive garage with bathroom and shower, office and upper man cave. This property is a must see as it offers the kind of lifestyle most of us only dream about. **EXTRAS** Private Acreage, close to snowmobile trails, surrounding streets allow four wheelers, 200 amp service, equipped with RV plug ins, parking for toys up to 40' *For Additional Property Details Click The Brochure Icon Below* (id:27)

Building Features:

Style: Detached
Building Type: House
Exterior Finish: Vinyl siding
Fireplace: Yes
Floor Space: 2499.9795 - 2999.975 sqft
Foundation Type:
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dishwasher, Stove, Refrigerator

Property Features:

Property Type: Single Family
Bedrooms: 2
Bathrooms: 2
Features: Country residential
Floor Space (approx): 2499.9795 - 2999.975 Square Feet
Irregular: Yes
Lot Size: 4.6 Acre
Utility Type: Sewer - Installed, Cable - Installed
Sewer: Sanitary sewer
Parking Type: Detached garage
No. of Parking Spaces: 14

Rooms:

Office 2nd Level 2.10 m x 3.40 m
Kitchen 2nd Level 5.20 m x 5.50 m
Great Room 2nd Level 8.80 m x 4.60 m
2nd Bedroom 2nd Level 4.20 m x 2.70 m
Bathroom Main Level 1.85 m x 2.10 m
Living Main Level 4.30 m x 9.10 m
Primary Bedroom Main Level 4.60 m x 3.40 m
Other Main Level 1.80 m x 3.30 m
Bathroom Main Level 1.85 m x 2.10 m
Library Main Level 6.70 m x 5.20 m
Library Main Level 1.80 m x 3.70 m

Convert Measurement to:

Courtesy of: ICI SOURCE REAL ASSET SERVICES INC.

More Detail

Less Detail

Potential Investment Performance

Cumulative ROI

61.0%

Cumulative Market Appreciation

$262,467

Net Operating Income in Year 5

$16,217

Cash on Cash Return in Year 5

-11.5%

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 %	$190,000
Mortgage Amount	$760,000
Mortgage Payment %	$3,943

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,980

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$810
Net Operating Income	$1,169

Debt Service
Mortgage Payment	$3,943

Net Cash Flow	-$2,773

Cap Rate

1.48%

Acquistion Costs

Down Payment $190,000

Land Transfer Tax $15,475

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $207,475

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	$190,000	-	-	-	-	-	-	-	-	-
Closing Costs	$17,475	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$11,824	$12,393	$12,988	$13,613	$14,267	$14,953	$15,671	$16,425	$17,214	$18,041
Total	$219,299	$12,393	$12,988	$13,613	$14,267	$14,953	$15,671	$16,425	$17,214	$18,041
Cash Invested	$219,299	$231,692	$244,681	$258,294	$272,562	$287,515	$303,187	$319,612	$336,826	$354,868

Rental Cash Flows
Rent and other income	$23,761	$24,474	$25,208	$25,965	$26,744	$27,546	$28,372	$29,223	$30,100	$31,003
Operating Expenses	-$9,724	-$9,950	-$10,182	-$10,420	-$10,663	-$10,912	-$11,167	-$11,429	-$11,696	-$11,971
Mortgage Payment	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319
Net Cash Flow	-$33,282	-$32,796	-$32,293	-$31,774	-$31,239	-$30,685	-$30,114	-$29,524	-$28,915	-$28,287

Returns
Property Price Appreciation	$47,500	$49,874	$52,368	$54,987	$57,736	$60,623	$63,654	$66,837	$70,179	$73,688
Mortgage Paydown	$11,824	$12,393	$12,988	$13,613	$14,267	$14,953	$15,671	$16,425	$17,214	$18,041
Net Cash Flow	-$33,282	-$32,796	-$32,293	-$31,774	-$31,239	-$30,685	-$30,114	-$29,524	-$28,915	-$28,287
Total Return	$26,042	$29,471	$33,063	$36,825	$40,764	$44,890	$49,211	$53,737	$58,477	$63,442
Cumulative Return	$26,042	$55,514	$88,577	$125,403	$166,168	$211,058	$260,270	$314,007	$372,485	$435,928

Investment Metrics
Cumulative ROI	11.9%	24.0%	36.2%	48.6%	61.0%	73.4%	85.8%	98.2%	110.6%	122.8%
Cash On Cash	-15.2%	-14.2%	-13.2%	-12.3%	-11.5%	-10.7%	-9.9%	-9.2%	-8.6%	-8.0%