$259,000

1102 Jubilee DRIVE, Swift Current, Saskatchewan, S9H 2A3

QuickQuote^TM: $260K - $329K

MLS® # SK978250

3 Beds

2 Baths

Property Information:

PRIME location property for sale. This property is located on the much desired Jubilee Drive. Conveniently located walking distance to all levels of school making it a perfect location for families. Beautiful perennial plants adorn the property providing a relaxing setting. There is plenty of parking for you and your guests. Concrete driveway as well as a detached garage, both the home and garage have newer shingles. The main floor is made up of a large living room, 2 bedrooms, 3pc bathroom as well as kitchen/dining area. Patio door off of dining area to a deck and a lovely bay window off of the dining area. The basement is home to a family room area, bedroom, bathroom, cold storage extra large laundry room and an additional room that could be used as bedroom, gym, craft room or whatever you choose. This property has a ton of potential and you simply cant go wrong when it comes to location. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: Full
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Washer, Refrigerator, Dryer, Microwave, Window Coverings, Storage Shed, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 2
Built in: 1965
Features: Treed, Lane, Rectangular, Sump Pump
Fence Type: Partially fenced
Landscape Features: Lawn, Underground sprinkler, Garden Area
Lot Frontage: 64.0 Feet
Lot Size: 0.00 Square Feet
Structure Type: Deck
Parking Type: Detached garage, Parking Spaces
No. of Parking Spaces: 4

Rooms:

Family Basement Level 3.96 m x 6.10 m
Bedroom Basement Level 3.05 m x 2.74 m
Bathroom Basement Level 1.52 m x 2.13 m
Laundry Basement Level 3.96 m x 3.35 m
Other Basement Level 4.57 m x 3.35 m
Kitchen Main Level 13 ft x Measurements not available
Dining Main Level 3.96 m x 2.74 m
Living Main Level 3.66 m x 5.18 m
Bedroom Main Level 3.66 m x 3.66 m
Bedroom Main Level 3.05 m x 3.35 m
Bathroom Main Level Measurements not available x 7 ft

Convert Measurement to:

Courtesy of: RE/MAX of Swift Current

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Potential Investment Performance

Cumulative ROI

22.9%

Cumulative Market Appreciation

-$9,064

Net Operating Income in Year 5

$15,513

Cash on Cash Return in Year 5

3.5%

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 %	$51,800
Mortgage Amount	$207,200
Mortgage Payment %	$1,075

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,602

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$471
Net Operating Income	$1,130

Debt Service
Mortgage Payment	$1,075

Net Cash Flow	$55

Cap Rate

5.24%

Acquistion Costs

Down Payment $51,800

Land Transfer Tax $750

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $54,550

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	$51,800	-	-	-	-	-	-	-	-	-
Closing Costs	$2,750	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,223	$3,378	$3,541	$3,711	$3,889	$4,076	$4,272	$4,478	$4,693	$4,918
Total	$57,773	$3,378	$3,541	$3,711	$3,889	$4,076	$4,272	$4,478	$4,693	$4,918
Cash Invested	$57,773	$61,152	$64,693	$68,405	$72,294	$76,371	$80,644	$85,122	$89,815	$94,734

Rental Cash Flows
Rent and other income	$19,228	$19,804	$20,399	$21,011	$21,641	$22,290	$22,959	$23,648	$24,357	$25,088
Operating Expenses	-$5,660	-$5,799	-$5,942	-$6,088	-$6,238	-$6,392	-$6,550	-$6,711	-$6,877	-$7,048
Mortgage Payment	-$12,900	-$12,900	-$12,900	-$12,900	-$12,900	-$12,900	-$12,900	-$12,900	-$12,900	-$12,900
Net Cash Flow	$666	$1,104	$1,555	$2,021	$2,501	$2,997	$3,508	$4,035	$4,578	$5,139

Returns
Property Price Appreciation	-$1,838	-$1,825	-$1,812	-$1,800	-$1,787	-$1,774	-$1,761	-$1,749	-$1,737	-$1,724
Mortgage Paydown	$3,223	$3,378	$3,541	$3,711	$3,889	$4,076	$4,272	$4,478	$4,693	$4,918
Net Cash Flow	$666	$1,104	$1,555	$2,021	$2,501	$2,997	$3,508	$4,035	$4,578	$5,139
Total Return	$2,051	$2,657	$3,284	$3,932	$4,604	$5,299	$6,019	$6,763	$7,535	$8,333
Cumulative Return	$2,051	$4,708	$7,992	$11,925	$16,529	$21,829	$27,848	$34,612	$42,147	$50,481

Investment Metrics
Cumulative ROI	3.6%	7.7%	12.4%	17.4%	22.9%	28.6%	34.5%	40.7%	46.9%	53.3%
Cash On Cash	1.2%	1.8%	2.4%	3.0%	3.5%	3.9%	4.4%	4.7%	5.1%	5.4%