$178,900

112 825 Gladstone STREET E, Swift Current, Saskatchewan, S9H 5P1

QuickQuote^TM: Not Available

MLS® # SK962551

2 Beds

2 Baths

Property Information:

Are you tired of being a home maintenance superhero and ready to join the carefree condo Are you looking for pride in home ownership but want to enjoy life, rather than maintain a home? This 2nd level condo offers a view so stunning, even the birds might be jealous! You can gaze out from your balcony, living room, or bedrooms onto a scenic walking path and parkway. It's the perfect spot for peaceful river walks or a quick stroll to the Chinook Golf Course to practice your swing (or your golf cart driving skills). Inside, you'll find a roomy 2-bedroom + den layout, including a primary bedroom with not one, but dual closets—because you deserve choices. The kitchen is decked out with 4 sleek black appliances, making meal prep a breeze. Condo fees are a mere $235/month, covering everything from water and heat to snow removal and lawn maintenance. Say goodbye to someone else's mortgage and hello to your own piece of property! (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Heating Type:
Heating Fuel: Natural gas
Cooling Type: Air exchanger
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Hood Fan, Stove

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 2
Bathrooms: 2
Built in: 2013
Community Features: Pets Allowed With Restrictions
Condo Fees: $235 Monthly
Features: Balcony
Irregular: Yes
Lot Size: n/a
Parking Type: Surfaced, Other, None, Parking Spaces
No. of Parking Spaces: 2

Rooms:

Bathroom Main Level 8'1" x 4'11"
Den Main Level 8'10" x 8'
Kitchen Main Level 11'1" x 8'2"
Dining Main Level 11' x 7'2"
Living Main Level 14'11" x 11'1"
Bedroom Main Level 11'3" x 9'8"
Bathroom Main Level 11'7" x 4'10"
Laundry Main Level 3'1" x 6'11"
Primary Bedroom Main Level 11'4" x 14'

Courtesy of: Century 21 Accord Realty

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Potential Investment Performance

Cumulative ROI

16.8%

Cumulative Market Appreciation

-$9,796

Net Operating Income in Year 5

$10,881

Cash on Cash Return in Year 5

3.8%

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 %	$35,780
Mortgage Amount	$143,120
Mortgage Payment %	$742

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,277

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$490
Net Operating Income	$786

Debt Service
Mortgage Payment	$742

Net Cash Flow	$44

Cap Rate

5.28%

Acquistion Costs

Down Payment $35,780

Land Transfer Tax $510

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $38,290

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	$35,780	-	-	-	-	-	-	-	-	-
Closing Costs	$2,510	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$2,226	$2,333	$2,445	$2,563	$2,686	$2,815	$2,951	$3,093	$3,241	$3,397
Total	$40,516	$2,333	$2,445	$2,563	$2,686	$2,815	$2,951	$3,093	$3,241	$3,397
Cash Invested	$40,516	$42,850	$45,296	$47,860	$50,546	$53,362	$56,314	$59,407	$62,648	$66,046

Rental Cash Flows
Rent and other income	$15,331	$15,791	$16,265	$16,753	$17,255	$17,773	$18,306	$18,855	$19,421	$20,003
Operating Expenses	-$5,888	-$6,022	-$6,158	-$6,298	-$6,442	-$6,588	-$6,738	-$6,892	-$7,049	-$7,210
Mortgage Payment	-$8,911	-$8,911	-$8,911	-$8,911	-$8,911	-$8,911	-$8,911	-$8,911	-$8,911	-$8,911
Net Cash Flow	$531	$858	$1,195	$1,543	$1,902	$2,273	$2,656	$3,052	$3,460	$3,882

Returns
Property Price Appreciation	-$2,003	-$1,981	-$1,959	-$1,937	-$1,915	-$1,893	-$1,872	-$1,851	-$1,831	-$1,810
Mortgage Paydown	$2,226	$2,333	$2,445	$2,563	$2,686	$2,815	$2,951	$3,093	$3,241	$3,397
Net Cash Flow	$531	$858	$1,195	$1,543	$1,902	$2,273	$2,656	$3,052	$3,460	$3,882
Total Return	$754	$1,210	$1,682	$2,169	$2,673	$3,195	$3,735	$4,293	$4,871	$5,469
Cumulative Return	$754	$1,965	$3,647	$5,817	$8,491	$11,686	$15,421	$19,715	$24,586	$30,055

Investment Metrics
Cumulative ROI	1.9%	4.6%	8.1%	12.2%	16.8%	21.9%	27.4%	33.2%	39.2%	45.5%
Cash On Cash	1.3%	2.0%	2.6%	3.2%	3.8%	4.3%	4.7%	5.1%	5.5%	5.9%