Cliffside Condos - 2340 Kingston Rd - 1b_a - Toronto, ON, M1N 1V2
1.0 Beds
1 Bath
514 sqft
1.0 Beds
1 Bath
514 sqft
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $124,798 |
Mortgage Amount | $499,192 |
Mortgage Payment % | $2,590 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,002 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $613 |
Net Operating Income | $388 |
Debt Service | |
Mortgage Payment | $2,590 |
Net Cash Flow | -$2,201 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $62,397 | $46,798 | $15,599 | - | - | - | - | - | - | - |
Closing Costs | - | $34,413 | - | - | - | - | - | - | - | - |
Mortgage Paydown | - | $633 | $7,797 | $8,172 | $8,564 | $8,976 | $9,408 | $9,860 | $10,334 | $10,830 |
Total | $62,397 | $81,844 | $23,396 | $8,172 | $8,564 | $8,976 | $9,408 | $9,860 | $10,334 | $10,830 |
Cash Invested | $62,397 | $144,241 | $167,637 | $175,809 | $184,374 | $193,351 | $202,759 | $212,619 | $222,953 | $233,784 |
Rental Cash Flows | ||||||||||
Rent and other income | - | $1,002 | $12,070 | $12,589 | $13,131 | $13,695 | $14,284 | $14,898 | $15,539 | $16,207 |
Operating Expenses | - | -$613 | -$7,375 | -$7,549 | -$7,726 | -$7,909 | -$8,096 | -$8,288 | -$8,486 | -$8,688 |
Mortgage Payment | - | -$2,590 | -$31,081 | -$31,081 | -$31,081 | -$31,081 | -$31,081 | -$31,081 | -$31,081 | -$31,081 |
Net Cash Flow | - | -$2,201 | -$26,386 | -$26,040 | -$25,676 | -$25,294 | -$24,893 | -$24,471 | -$24,027 | -$23,562 |
Returns | ||||||||||
Property Price Appreciation | $31,199 | $32,759 | $34,397 | $36,117 | $37,923 | $39,819 | $41,810 | $43,900 | $46,095 | $48,400 |
Mortgage Paydown | - | $633 | $7,797 | $8,172 | $8,564 | $8,976 | $9,408 | $9,860 | $10,334 | $10,830 |
Net Cash Flow | - | -$2,201 | -$26,386 | -$26,040 | -$25,676 | -$25,294 | -$24,893 | -$24,471 | -$24,027 | -$23,562 |
Total Return | $31,199 | $31,191 | $15,808 | $18,248 | $20,811 | $23,501 | $26,325 | $29,289 | $32,402 | $35,669 |
Cumulative Return | $31,199 | $62,391 | $78,199 | $96,448 | $117,259 | $140,760 | $167,086 | $196,376 | $228,778 | $264,447 |
Investment Metrics | ||||||||||
Cumulative ROI | 50.0% | 43.3% | 46.6% | 54.9% | 63.6% | 72.8% | 82.4% | 92.4% | 102.6% | 113.1% |
Cash On Cash | - | -1.5% | -15.7% | -14.8% | -13.9% | -13.1% | -12.3% | -11.5% | -10.8% | -10.1% |