$124,000

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

QuickQuote^TM: Not Available

MLS® # SK995647

2 Beds

2 Baths

480 FEETSQ sqft

Property Information:

This affordable and spacious bi-level home offers much more livable space than it 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 SK995644 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
Architectural Style: Bi-level
Basement Development: Finished
Basement Type: Full
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, 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:

Bedroom Basement Level 2.54 m x 2.24 m
Primary Bedroom Basement Level Measurements not available
Bathroom Basement Level Measurements not available
Living Main Level Measurements not available
Laundry Main Level 2.49 m x 2.13 m
Kitchen Main Level Measurements not available x 8 ft ,2 in

Convert Measurement to:

Rating:

Notes:

Kyle Letnes

Agent Royal LePage Formula 1 *

Direct 306.773.7527

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Potential Investment Performance

Cumulative ROI

139.4%

Cumulative Market Appreciation

$13,645

Net Operating Income in Year 5

$12,420

Cash on Cash Return in Year 5

17.4%

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 %	$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 $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $26,800

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	$24,800	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$1,543	$1,617	$1,695	$1,776	$1,862	$1,951	$2,045	$2,143	$2,246	$2,354
Total	$28,343	$1,617	$1,695	$1,776	$1,862	$1,951	$2,045	$2,143	$2,246	$2,354
Cash Invested	$28,343	$29,961	$31,656	$33,433	$35,295	$37,247	$39,292	$41,436	$43,683	$46,038

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	31.2%	60.7%	88.4%	114.7%	139.4%	162.7%	184.7%	205.4%	225.0%	243.4%
Cash On Cash	16.5%	16.8%	17.1%	17.3%	17.4%	17.6%	17.7%	17.8%	17.9%	18.0%

QuickQuote^TM

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Market Price Trends

All Properties

-1.45%

Price change (1 year)

32.7%

Price change (5 years)

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

Lifestyle
Neighbourhood

Demographic Information of 3 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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