$135,000

1540 Bell STREET E, Swift Current, Saskatchewan, S9H 1S7

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MLS® # SK987372

3 Beds

1 Bath

Property Information:

Introducing an updated and affordable property with a prime location that offers a multitude of conveniences. Situated directly across the street from Kin Park and in close proximity to licensed child care facilities, walking paths, and the scenic creek, this property boasts an ideal setting. Head to the rear of the home to find a fenced back yard including a stone patio and additional parking below. Enter the home where the main floor showcases laminate flooring, modern paint colours and a sunny front living room! The eat in kitchen has been modernized including light cabinetry, a stylish backsplash and black appliances. The bathroom features a stunning stone shower, modern vanity, floating shelves and impressive dark tile, with the potential for a second bathroom on the lower level. With three bedrooms, this property provides all the essential amenities without straining your budget. Take advantage of this opportunity to enter the housing market and start building equity. Additional updates include a new water heater and an energy-efficient furnace and updates shingles. For a personal viewing, please contact today. (id:27)

Building Features:

Style: Semi-Detached
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: Full
Construction Style - Attachment: Semi-detached
Heating Type: Forced air
Heating Fuel: Natural gas
Appliances: Washer, Refrigerator, Dryer, Microwave, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 1
Built in: 1966
Features: Rectangular
Fence Type: Fence
Landscape Features: Lawn
Lot Frontage: 30.0 Feet
Lot Size: 3600.00 Square Feet
Parking Type: None, Parking Spaces
No. of Parking Spaces: 2

Rooms:

Family Basement Level 11' x 17'
Laundry Basement Level 10' x 6'
Bedroom Basement Level 9'11 x 8'4
Storage Basement Level 15' x 6'0
Kitchen Main Level 9'8 x 9'5
Living Main Level 15'10 x 13'4
Bedroom Main Level 11'11 x 9'10
Bedroom Main Level 11'2 x 7'0
Bathroom Main Level 5'4 x 8'11

Courtesy of: RE/MAX of Swift Current

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Potential Investment Performance

Cumulative ROI

40.2%

Cumulative Market Appreciation

-$3,341

Net Operating Income in Year 5

$9,253

Cash on Cash Return in Year 5

6.4%

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 %	$27,000
Mortgage Amount	$108,000
Mortgage Payment %	$560

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,013

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$341
Net Operating Income	$672

Debt Service
Mortgage Payment	$560

Net Cash Flow	$111

Cap Rate

5.97%

Acquistion Costs

Down Payment $27,000

Land Transfer Tax $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $29,000

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	$27,000	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$1,680	$1,761	$1,845	$1,934	$2,027	$2,124	$2,227	$2,334	$2,446	$2,563
Total	$30,680	$1,761	$1,845	$1,934	$2,027	$2,124	$2,227	$2,334	$2,446	$2,563
Cash Invested	$30,680	$32,441	$34,287	$36,221	$38,249	$40,374	$42,601	$44,935	$47,381	$49,945

Rental Cash Flows
Rent and other income	$12,167	$12,532	$12,908	$13,295	$13,694	$14,104	$14,528	$14,963	$15,412	$15,875
Operating Expenses	-$4,102	-$4,200	-$4,301	-$4,405	-$4,511	-$4,619	-$4,730	-$4,845	-$4,961	-$5,081
Mortgage Payment	-$6,724	-$6,724	-$6,724	-$6,724	-$6,724	-$6,724	-$6,724	-$6,724	-$6,724	-$6,724
Net Cash Flow	$1,339	$1,606	$1,881	$2,165	$2,458	$2,760	$3,072	$3,394	$3,726	$4,068

Returns
Property Price Appreciation	-$675	-$671	-$668	-$664	-$661	-$658	-$655	-$651	-$648	-$645
Mortgage Paydown	$1,680	$1,761	$1,845	$1,934	$2,027	$2,124	$2,227	$2,334	$2,446	$2,563
Net Cash Flow	$1,339	$1,606	$1,881	$2,165	$2,458	$2,760	$3,072	$3,394	$3,726	$4,068
Total Return	$2,345	$2,696	$3,059	$3,435	$3,824	$4,227	$4,644	$5,076	$5,524	$5,987
Cumulative Return	$2,345	$5,041	$8,100	$11,535	$15,360	$19,587	$24,232	$29,309	$34,833	$40,821

Investment Metrics
Cumulative ROI	7.6%	15.5%	23.6%	31.8%	40.2%	48.5%	56.9%	65.2%	73.5%	81.7%
Cash On Cash	4.4%	5.0%	5.5%	6.0%	6.4%	6.8%	7.2%	7.6%	7.9%	8.1%