$129,900

25 1275 South Railway STREET E, Swift Current, Saskatchewan, S9H 3B6

QuickQuote^TM: Not Available

MLS® # SK983949

2 Beds

2 Baths

Property Information:

Introducing Chelsea Green, a vibrant community established in 2013, offering stylish and accessible new construction at an attractive price point. This ground-level, bungalow-style residence features two bedrooms, including a spacious master suite with a walk-in closet and a luxurious five-piece ensuite bathroom complete with dual sinks and generous storage. The south-facing unit is bathed in natural light, enhancing the open-concept floor plan. The large kitchen island, strategically placed between the living room and kitchen, provides a seamless space for entertaining and ample room for preparing meals of any size. As you proceed down the hallway, you'll find a second bedroom, additional storage, and a three-piece bathroom. The location is ideal, with numerous amenities nearby, including Riverside Park, walking paths, tennis courts, a golf course, and the CO-OP, all with easy access to downtown. Additional features of this property include in-suite laundry, central air conditioning, powered parking, a spacious attached storage area, and the convenience of no exterior maintenance. This home is perfect for busy professionals, retirees, investors, and families seeking a low-maintenance lifestyle. For more details or to schedule a personal viewing, please contact today. (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Window Coverings, Hood Fan, Stove

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 2
Bathrooms: 2
Built in: 2014
Community Features: Pets Allowed With Restrictions
Condo Fees: $275 Monthly
Parking Type: Other, None, Parking Spaces
No. of Parking Spaces: 1

Rooms:

Porch Main Level 3'10 x 4'9
Living Main Level 11'11 x 15'2
Dining Main Level 11'7 x 6'10
Living Main Level 5'1 x 3'8
Kitchen Main Level 12'3 x 12'4
Bedroom Main Level 9'10 x 8'2
Bathroom Main Level 5'4 x 8'2
Bathroom Main Level 15'6 x 5'5
Storage Main Level 5'2 x 3'11
Primary Bedroom Main Level 11'11 x 13'10
Other Main Level 5'9 x 3'5

Courtesy of: RE/MAX of Swift Current

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Potential Investment Performance

Cumulative ROI

110.0%

Cumulative Market Appreciation

$15,073

Net Operating Income in Year 5

$10,621

Cash on Cash Return in Year 5

11.0%

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 %	$25,980
Mortgage Amount	$103,920
Mortgage Payment %	$539

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	$510
Net Operating Income	$766

Debt Service
Mortgage Payment	$539

Net Cash Flow	$227

Cap Rate

7.08%

Acquistion Costs

Down Payment $25,980

Land Transfer Tax $363

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $28,343

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	$25,980	-	-	-	-	-	-	-	-	-
Closing Costs	$2,363	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$1,616	$1,694	$1,776	$1,861	$1,950	$2,044	$2,142	$2,245	$2,353	$2,467
Total	$29,959	$1,694	$1,776	$1,861	$1,950	$2,044	$2,142	$2,245	$2,353	$2,467
Cash Invested	$29,959	$31,654	$33,430	$35,291	$37,242	$39,287	$41,430	$43,676	$46,030	$48,497

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	-$6,128	-$6,266	-$6,408	-$6,553	-$6,701	-$6,853	-$7,009	-$7,168	-$7,330	-$7,497
Mortgage Payment	-$6,470	-$6,470	-$6,470	-$6,470	-$6,470	-$6,470	-$6,470	-$6,470	-$6,470	-$6,470
Net Cash Flow	$2,732	$3,054	$3,386	$3,729	$4,083	$4,449	$4,827	$5,217	$5,620	$6,036

Returns
Property Price Appreciation	$2,883	$2,947	$3,013	$3,080	$3,148	$3,218	$3,289	$3,362	$3,437	$3,513
Mortgage Paydown	$1,616	$1,694	$1,776	$1,861	$1,950	$2,044	$2,142	$2,245	$2,353	$2,467
Net Cash Flow	$2,732	$3,054	$3,386	$3,729	$4,083	$4,449	$4,827	$5,217	$5,620	$6,036
Total Return	$7,233	$7,696	$8,175	$8,670	$9,182	$9,712	$10,259	$10,825	$11,411	$12,016
Cumulative Return	$7,233	$14,929	$23,104	$31,775	$40,958	$50,670	$60,930	$71,756	$83,167	$95,184

Investment Metrics
Cumulative ROI	24.1%	47.2%	69.1%	90.0%	110.0%	129.0%	147.1%	164.3%	180.7%	196.3%
Cash On Cash	9.1%	9.6%	10.1%	10.6%	11.0%	11.3%	11.7%	11.9%	12.2%	12.4%