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Royal LePage
Royal LePage
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$124,000

2 34 Central AVENUE S, Swift Current, Saskatchewan, S9H 3E6

QuickQuoteTM: Not Available
MLS® # SK995644

2 Beds

2 Baths

480 FEETSQ sqft

Property Information:

This affordable and spacious bi-level home offers much more livable space than appears on paper. With two bedrooms and two bathrooms, it is perfect for first-time buyers or investors looking for a turnkey rental property. Currently rented out, this home provides a great opportunity for immediate rental income. With no condo fees, it is an excellent investment option with low overhead costs. The home features updated finishes throughout, offering a modern and stylish feel. As a bi-level, both bedrooms have large windows that bring in plenty of natural light, creating a bright and inviting atmosphere. The open-concept living and dining area provides a functional layout, while the finished lower level offers additional living space. With two full bathrooms, convenience and privacy are never an issue. This well-maintained home can also be purchased together with SK995647 for an even greater investment opportunity. Whether you're looking for a place to call home or a profitable rental property, this is an excellent option. Contact us today to schedule a showing. (id:27)

Building Features:

  • Style: Townhouse
  • Building Type: Row / Townhouse
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Split Level: Split level
  • Floor Space: 480 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Washer, Refrigerator, Dryer, Hood Fan, Stove

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 2
  • Bathrooms: 2
  • Built in: 1987
  • Features: Treed, Rectangular, Balcony
  • Fence Type: Partially fenced
  • Floor Space (approx): 480 Square Feet
  • Landscape Features: Lawn
  • Lot Frontage: 50.0 Feet
  • Lot Size: 6500.00 Square Feet
  • Parking Type: None, Gravel, Parking Spaces
  • No. of Parking Spaces: 1

Rooms:

  • Bathroom Basement Level Measurements not available
  • Primary Bedroom Basement Level 4.09 m x 3.10 m
  • Bedroom Basement Level 2.24 m x 2.54 m
  • Living Main Level Measurements not available
  • Kitchen Main Level 4.90 m x 2.46 m
  • Laundry Main Level 2.49 m x 2.13 m

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Potential Investment Performance

Cumulative ROI

138.0%

Cumulative Market Appreciation

$13,645

Net Operating Income in Year 5

$12,420

Cash on Cash Return in Year 5

17.3%

Assumptions

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
%
$24,800
Mortgage Amount $99,200
Mortgage Payment
%
$514

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
$
Total Operating Expenses $372
Net Operating Income $905
Debt Service
Mortgage Payment $514
Net Cash Flow $390

Cap Rate

8.76%

Acquistion Costs

Down Payment $24,800
Land Transfer Tax $345
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $27,145

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $24,800 - - - - - - - - -
Closing Costs $2,345 - - - - - - - - -
Mortgage Paydown $1,543$1,617$1,695$1,776$1,862$1,951$2,045$2,143$2,246$2,354
Total $28,688$1,617$1,695$1,776$1,862$1,951$2,045$2,143$2,246$2,354
Cash Invested $28,688$30,306$32,001$33,778$35,640$37,592$39,637$41,781$44,028$46,383
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 -$4,466-$4,576-$4,689-$4,804-$4,923-$5,045-$5,169-$5,297-$5,428-$5,563
Mortgage Payment -$6,176-$6,176-$6,176-$6,176-$6,176-$6,176-$6,176-$6,176-$6,176-$6,176
Net Cash Flow $4,688$5,038$5,399$5,771$6,155$6,551$6,960$7,381$7,815$8,263
Returns
Property Price Appreciation $2,616$2,671$2,727$2,785$2,844$2,904$2,965$3,028$3,092$3,157
Mortgage Paydown $1,543$1,617$1,695$1,776$1,862$1,951$2,045$2,143$2,246$2,354
Net Cash Flow $4,688$5,038$5,399$5,771$6,155$6,551$6,960$7,381$7,815$8,263
Total Return $8,848$9,327$9,822$10,334$10,862$11,407$11,971$12,553$13,154$13,776
Cumulative Return $8,848$18,175$27,998$38,332$49,194$60,602$72,573$85,127$98,282$112,058
Investment Metrics
Cumulative ROI 30.8% 60.0% 87.5% 113.5% 138.0% 161.2% 183.1% 203.7% 223.2% 241.6%
Cash On Cash 16.3% 16.6% 16.9% 17.1% 17.3% 17.4% 17.6% 17.7% 17.8% 17.8%
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Market Price Trends

All Properties

-1.45%

Price change (1 year)

32.7%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 2 34 Central AVENUE S, Swift Current, Saskatchewan, S9H 3E6

Demographic Information of 2 34 Central AVENUE S, Swift Current, Saskatchewan, S9H 3E6

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$106,098.32

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.24 %

High school certificate or equivalent

39.8 %

Apprenticeship trade certificate/diploma

6.44 %

College/non-university certificate

20.95 %

University certificate (below bachelor)

0.07 %

University Degree

11.48 %

Commuter

Travel To Work

By Car

96.44 %

By Public Transit

0.0 %

By Walking

0.2 %

By Bicycle

0.0 %

By Other Methods

3.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

44.41 %

Houses

55.59 %

Own Vs. Rent

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