$185,000

137 503 Colonel Otter DRIVE, Swift Current, Saskatchewan, S9H 2K4

QuickQuote^TM: Not Available

MLS® # SK990538

3 Beds

1 Bath

Property Information:

Say goodbye to the hassles of yard work, snow removal, and ever-increasing rent with this move-in-ready 3-bedroom townhouse! Perfectly positioned as a coveted end unit, it boasts a prime location near off-street visitor parking and a lovely open view to the south. The smart layout features a dining room conveniently located off the kitchen, leaving the living room sunny and inviting. Upstairs, you’ll find three bedrooms, including a generous master with a walk-in closet that dreams are made of. The fully finished basement offers a spacious rec room and a laundry area with roughed-in bathroom potential. Complete with a shaded back deck and a detached single garage, this home blends comfort, convenience, and affordability. Don’t let this gem slip away—schedule your viewing today! (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Architectural Style: 2 Level
Basement Development: Finished
Basement Type: Full
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Air exchanger
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Stove

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 1
Built in: 2008
Community Features: Pets Allowed With Restrictions
Condo Fees: $295 Monthly
Irregular: Yes
Lot Size: n/a
Structure Type: Deck
Parking Type: Detached garage, Other, Parking Spaces
No. of Parking Spaces: 1

Rooms:

Bedroom 2nd Level 8'4" x 8'3"
Bedroom 2nd Level 8'7" x 9'
Bathroom 2nd Level 6'8" x 7'11"
Primary Bedroom 2nd Level 10'11" x 9'9"
Other Basement Level 16'6" x 15'8"
Laundry Basement Level 10'5" x 9'2"
Utility Basement Level 5'9" x 10'11"
Kitchen Main Level 11' x 12'10"
Dining Main Level 9'7" x 9'1"
Living Main Level 11' x 13'7"

Courtesy of: Century 21 Accord Realty

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Potential Investment Performance

Cumulative ROI

36.3%

Cumulative Market Appreciation

-$6,834

Net Operating Income in Year 5

$12,737

Cash on Cash Return in Year 5

6.6%

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 %	$37,000
Mortgage Amount	$148,000
Mortgage Payment %	$767

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,497

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$576
Net Operating Income	$921

Debt Service
Mortgage Payment	$767

Net Cash Flow	$153

Cap Rate

5.97%

Acquistion Costs

Down Payment $37,000

Land Transfer Tax $528

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $39,528

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	$37,000	-	-	-	-	-	-	-	-	-
Closing Costs	$2,528	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$2,302	$2,413	$2,529	$2,650	$2,778	$2,911	$3,051	$3,198	$3,352	$3,513
Total	$41,830	$2,413	$2,529	$2,650	$2,778	$2,911	$3,051	$3,198	$3,352	$3,513
Cash Invested	$41,830	$44,244	$46,773	$49,424	$52,202	$55,114	$58,166	$61,365	$64,717	$68,230

Rental Cash Flows
Rent and other income	$17,971	$18,510	$19,065	$19,637	$20,226	$20,833	$21,458	$22,102	$22,765	$23,448
Operating Expenses	-$6,919	-$7,076	-$7,236	-$7,400	-$7,569	-$7,741	-$7,917	-$8,098	-$8,283	-$8,472
Mortgage Payment	-$9,214	-$9,214	-$9,214	-$9,214	-$9,214	-$9,214	-$9,214	-$9,214	-$9,214	-$9,214
Net Cash Flow	$1,837	$2,219	$2,614	$3,021	$3,442	$3,877	$4,325	$4,788	$5,267	$5,761

Returns
Property Price Appreciation	-$1,387	-$1,377	-$1,366	-$1,356	-$1,346	-$1,336	-$1,326	-$1,316	-$1,306	-$1,296
Mortgage Paydown	$2,302	$2,413	$2,529	$2,650	$2,778	$2,911	$3,051	$3,198	$3,352	$3,513
Net Cash Flow	$1,837	$2,219	$2,614	$3,021	$3,442	$3,877	$4,325	$4,788	$5,267	$5,761
Total Return	$2,752	$3,255	$3,776	$4,316	$4,874	$5,452	$6,051	$6,671	$7,313	$7,977
Cumulative Return	$2,752	$6,007	$9,784	$14,100	$18,975	$24,427	$30,479	$37,150	$44,463	$52,441

Investment Metrics
Cumulative ROI	6.6%	13.6%	20.9%	28.5%	36.3%	44.3%	52.4%	60.5%	68.7%	76.9%
Cash On Cash	4.4%	5.0%	5.6%	6.1%	6.6%	7.0%	7.4%	7.8%	8.1%	8.4%