$229,900

40 Conlin DRIVE SW, Swift Current, Saskatchewan, S9H 3A6

QuickQuote^TM: Not Available

MLS® # SK973976

3 Beds

2 Baths

Property Information:

Located in front of the skating arena, steps away from Fairview school and within walking distance of the outdoor pool; this family friendly home offers so much space for your family to spread out!!!! The main floor features living room, kitchen, dining room, office space and a convenient 2 piece washroom. Upstairs you will find 3 spacious bedrooms with wood floors and a large washroom. The basement needs work but has a huge family room, loads of storage and a bright laundry area. The backyard has a deck off of the dining room a fully fenced yard, and plenty of space. With a single attached garage completing the package this home is ready for you to add your personal touches. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: 2 Level
Basement Development: Partially finished
Basement Type: Partial
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Window Coverings, Garage door opener remote, Hood Fan, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 2
Built in: 1966
Features: Paved driveway, Sump Pump
Fence Type: Partially fenced
Landscape Features: Lawn, Underground sprinkler
Lot Frontage: 58.0 Feet
Lot Size: 6380.00 Square Feet
Structure Type: Deck
Parking Type: Attached garage, Parking Spaces
No. of Parking Spaces: 1

Rooms:

Bedroom 2nd Level 3.33 m x 3.00 m
Bedroom 2nd Level 2.90 m x 3.05 m
Bedroom 2nd Level 3.66 m x 3.35 m
Bathroom 2nd Level 1.70 m x 2.97 m
Utility Basement Level 2.44 m x 3.35 m
Other Basement Level 2.08 m x 2.74 m
Family Basement Level 3.66 m x 2.74 m
Living Main Level 3.66 m x 6.40 m
Kitchen Main Level 3.66 m x 3.66 m
Dining Main Level 3.05 m x 2.74 m
Foyer Main Level 2.74 m x 1.22 m
Bathroom Main Level 1.45 m x 1.07 m
Office Main Level 2.44 m x 1.83 m

Convert Measurement to:

Courtesy of: Century 21 Accord Realty

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Potential Investment Performance

Cumulative ROI

90.1%

Cumulative Market Appreciation

$25,800

Net Operating Income in Year 5

$15,669

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 %	$45,980
Mortgage Amount	$183,920
Mortgage Payment %	$954

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,602

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$459
Net Operating Income	$1,142

Debt Service
Mortgage Payment	$954

Net Cash Flow	$188

Cap Rate

5.96%

Acquistion Costs

Down Payment $45,980

Land Transfer Tax $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $47,980

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	$45,980	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$2,861	$2,999	$3,143	$3,294	$3,452	$3,618	$3,792	$3,974	$4,165	$4,366
Total	$50,841	$2,999	$3,143	$3,294	$3,452	$3,618	$3,792	$3,974	$4,165	$4,366
Cash Invested	$50,841	$53,840	$56,983	$60,278	$63,731	$67,349	$71,142	$75,117	$79,283	$83,649

Rental Cash Flows
Rent and other income	$19,228	$19,804	$20,399	$21,011	$21,641	$22,290	$22,959	$23,648	$24,357	$25,088
Operating Expenses	-$5,516	-$5,653	-$5,792	-$5,935	-$6,082	-$6,233	-$6,387	-$6,546	-$6,709	-$6,875
Mortgage Payment	-$11,451	-$11,451	-$11,451	-$11,451	-$11,451	-$11,451	-$11,451	-$11,451	-$11,451	-$11,451
Net Cash Flow	$2,259	$2,700	$3,155	$3,623	$4,107	$4,605	$5,120	$5,650	$6,197	$6,761

Returns
Property Price Appreciation	$4,942	$5,049	$5,157	$5,268	$5,381	$5,497	$5,615	$5,736	$5,859	$5,985
Mortgage Paydown	$2,861	$2,999	$3,143	$3,294	$3,452	$3,618	$3,792	$3,974	$4,165	$4,366
Net Cash Flow	$2,259	$2,700	$3,155	$3,623	$4,107	$4,605	$5,120	$5,650	$6,197	$6,761
Total Return	$10,064	$10,748	$11,456	$12,186	$12,941	$13,722	$14,528	$15,361	$16,222	$17,112
Cumulative Return	$10,064	$20,813	$32,269	$44,455	$57,397	$71,119	$85,648	$101,009	$117,232	$134,345

Investment Metrics
Cumulative ROI	19.8%	38.7%	56.6%	73.8%	90.1%	105.6%	120.4%	134.5%	147.9%	160.6%
Cash On Cash	4.4%	5.0%	5.5%	6.0%	6.4%	6.8%	7.2%	7.5%	7.8%	8.1%