$299,900

Burkey Acreage, Swift Current Rm No. 137, Saskatchewan, S9H 4M6

MLS® # SK992553

4 Beds

2 Baths

Property Information:

Discover an exceptional acreage located just five minutes west of Swift Current. This remarkable property spans 7 acres and features a spacious bungalow, a pool house, a 2,400 sq. ft. steel Quonset, and four functional sheds. The inviting home boasts an attached two-car garage and a cozy covered sunroom. Inside, you will find three well-appointed bedrooms on the main floor, along with a four-piece washroom . The eat-in kitchen is designed for convenience including a peninsula for extra work space and overlooking the serene yard, along with a main floor laundry area for added practicality. The expansive living room spans the front of the home, featuring large windows that flood the space with natural light and a wood-burning fireplace that adds warmth and character. Updated flooring enhances the overall appeal of this inviting space. The lower level offers a family room, an additional bedroom, and a bathroom, providing an excellent opportunity for renovation and personalization to suit your tastes. The location is ideal, situated just minutes from the city while benefiting from city water and available school bus services. This property presents a unique opportunity to own a piece of paradise, offering the perfect blend of tranquility and accessibility to local amenities. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: Full
Fireplace Fuel: Wood
Fireplace Type: Conventional
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Washer, Refrigerator, Satellite Dish, Dishwasher, Dryer, Microwave, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4
Bathrooms: 2
Built in: 1960
Features: Acreage, Treed
Landscape Features: Lawn, Garden Area
Structure Type: Deck
Parking Type: Attached garage, Carport, RV, Gravel, Parking Spaces
No. of Parking Spaces: 10

Rooms:

Family Basement Level 16'2 x 14'7
Bathroom Basement Level 5'5 x 3'3
Den Basement Level 10'9 x 9'6
Bedroom Basement Level 10'6 x 13'8
Utility Basement Level 3'5 x 9'3
Kitchen Main Level 19'6 x 12'1
Living Main Level 15'2 x 17'6
Den Main Level 18'4 x 15'3
Laundry Main Level 8'10 x 9'9
Bathroom Main Level 7'8 x 5'5
Bedroom Main Level 11'7 x 13'4
Bedroom Main Level 7'11 x 10'4
Bedroom Main Level 13'8 x 9'5
Porch Main Level 9'11 x 9'5

Courtesy of: RE/MAX of Swift Current

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Potential Investment Performance

Cumulative ROI

12.9%

Cumulative Market Appreciation

-$18,423

Net Operating Income in Year 5

$17,842

Cash on Cash Return in Year 5

3.4%

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 %	$59,980
Mortgage Amount	$239,920
Mortgage Payment %	$1,244

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,819

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$517
Net Operating Income	$1,301

Debt Service
Mortgage Payment	$1,244

Net Cash Flow	$56

Cap Rate

5.21%

Acquistion Costs

Down Payment $59,980

Land Transfer Tax $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $61,980

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	$59,980	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,732	$3,912	$4,100	$4,297	$4,503	$4,720	$4,947	$5,185	$5,434	$5,695
Total	$65,712	$3,912	$4,100	$4,297	$4,503	$4,720	$4,947	$5,185	$5,434	$5,695
Cash Invested	$65,712	$69,625	$73,725	$78,023	$82,526	$87,247	$92,194	$97,379	$102,814	$108,509

Rental Cash Flows
Rent and other income	$21,828	$22,483	$23,157	$23,852	$24,568	$25,305	$26,064	$26,846	$27,651	$28,481
Operating Expenses	-$6,213	-$6,366	-$6,524	-$6,685	-$6,851	-$7,021	-$7,195	-$7,374	-$7,558	-$7,746
Mortgage Payment	-$14,938	-$14,938	-$14,938	-$14,938	-$14,938	-$14,938	-$14,938	-$14,938	-$14,938	-$14,938
Net Cash Flow	$676	$1,178	$1,695	$2,228	$2,778	$3,345	$3,930	$4,533	$5,155	$5,796

Returns
Property Price Appreciation	-$3,778	-$3,731	-$3,684	-$3,637	-$3,591	-$3,546	-$3,501	-$3,457	-$3,414	-$3,371
Mortgage Paydown	$3,732	$3,912	$4,100	$4,297	$4,503	$4,720	$4,947	$5,185	$5,434	$5,695
Net Cash Flow	$676	$1,178	$1,695	$2,228	$2,778	$3,345	$3,930	$4,533	$5,155	$5,796
Total Return	$631	$1,359	$2,111	$2,888	$3,690	$4,519	$5,375	$6,260	$7,175	$8,120
Cumulative Return	$631	$1,990	$4,102	$6,990	$10,680	$15,200	$20,575	$26,836	$34,012	$42,133

Investment Metrics
Cumulative ROI	1.0%	2.9%	5.6%	9.0%	12.9%	17.4%	22.3%	27.6%	33.1%	38.8%
Cash On Cash	1.0%	1.7%	2.3%	2.9%	3.4%	3.8%	4.3%	4.7%	5.0%	5.3%