$285,000

434 Colonel Otter DRIVE, Swift Current, Saskatchewan, S9H 4P6

QuickQuote^TM: $275K - $348K

MLS® # SK993190

4 Beds

3 Baths

Property Information:

Welcome to your family's new sanctuary! This charming 3-bedroom, 3-bathroom bungalow is situated in a welcoming neighborhood and presents a fantastic opportunity that fits your budget. Upon entering, you’ll be greeted by a spacious and inviting floor plan, where bright living areas shine through PVC windows (newly installed in 2022) that enhance energy efficiency and comfort. The primary bedroom features a convenient 2-piece ensuite, offering a private retreat. At the heart of the home is the elegant white kitchen, which seamlessly connects to a delightful deck through patio doors (new in 2021)—an ideal spot for savoring your morning coffee or hosting summer gatherings. A standout feature of this residence is the generous recreation room, warmed by a natural gas fireplace, perfect for cozy evenings featuring a nook for a kids play area and an additional office storage room and three-piece bathroom. Storage will never be a concern with plenty of space to keep your belongings organized and clutter-free. An added bonus is the oversized single attached garage, providing extra convenience. Just steps away, you’ll find a spray park, various parks, and picturesque walking paths—perfect for outdoor enjoyment and relaxation. This home is located within the highly sought-after École Centennial school division, with a bus stop conveniently located right outside your door. Additional updates include new shingles installed in 2021 and an updated water heater with warranty. Don't let this wonderful opportunity pass you by! Contact today for more information and take the first step towards making this delightful property your family's new home. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: Full
Fireplace Fuel: Gas
Fireplace Type: Conventional
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, Storage Shed, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4
Bathrooms: 3
Built in: 1982
Features: Treed, Corner Site, Double width or more driveway
Fence Type: Fence
Landscape Features: Lawn, Underground sprinkler
Lot Frontage: 57.3 Feet
Lot Size: 6782.00 Square Feet
Structure Type: Deck
Parking Type: Attached garage, Parking Spaces
No. of Parking Spaces: 3

Rooms:

Storage Basement Level 6'2 x 12'4
Bathroom Basement Level 6'3 x 7'4
Bedroom Basement Level 16'9 x 9'4
Family Basement Level 22'1 x 13'
Other Basement Level 10'1 x 11'
Storage Basement Level 14'3 x 10'8
Bathroom Main Level 6'1 x 4'3
Bathroom Main Level 7'8 x 8'6
Bedroom Main Level 9'0 x 9'9
Bedroom Main Level 8'3 x 9'9
Dining Main Level 7'9 x 11'9
Kitchen Main Level 10'8 x 11'5
Living Main Level 20'11 x 12'
Primary Bedroom Main Level 11'9 x 11'4

Courtesy of: RE/MAX of Swift Current

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Potential Investment Performance

Cumulative ROI

32.0%

Cumulative Market Appreciation

-$6,774

Net Operating Income in Year 5

$17,920

Cash on Cash Return in Year 5

4.5%

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 %	$57,000
Mortgage Amount	$228,000
Mortgage Payment %	$1,182

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,819

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$511
Net Operating Income	$1,307

Debt Service
Mortgage Payment	$1,182

Net Cash Flow	$124

Cap Rate

5.50%

Acquistion Costs

Down Payment $57,000

Land Transfer Tax $828

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $59,828

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	$57,000	-	-	-	-	-	-	-	-	-
Closing Costs	$2,828	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,547	$3,717	$3,896	$4,083	$4,280	$4,485	$4,701	$4,927	$5,164	$5,412
Total	$63,375	$3,717	$3,896	$4,083	$4,280	$4,485	$4,701	$4,927	$5,164	$5,412
Cash Invested	$63,375	$67,093	$70,989	$75,073	$79,354	$83,840	$88,541	$93,469	$98,633	$104,046

Rental Cash Flows
Rent and other income	$21,828	$22,483	$23,157	$23,852	$24,568	$25,305	$26,064	$26,846	$27,651	$28,481
Operating Expenses	-$6,141	-$6,293	-$6,449	-$6,609	-$6,773	-$6,942	-$7,114	-$7,292	-$7,473	-$7,660
Mortgage Payment	-$14,195	-$14,195	-$14,195	-$14,195	-$14,195	-$14,195	-$14,195	-$14,195	-$14,195	-$14,195
Net Cash Flow	$1,491	$1,993	$2,512	$3,046	$3,598	$4,167	$4,753	$5,358	$5,981	$6,624

Returns
Property Price Appreciation	-$1,368	-$1,361	-$1,354	-$1,348	-$1,341	-$1,335	-$1,329	-$1,322	-$1,316	-$1,310
Mortgage Paydown	$3,547	$3,717	$3,896	$4,083	$4,280	$4,485	$4,701	$4,927	$5,164	$5,412
Net Cash Flow	$1,491	$1,993	$2,512	$3,046	$3,598	$4,167	$4,753	$5,358	$5,981	$6,624
Total Return	$3,670	$4,350	$5,054	$5,782	$6,536	$7,317	$8,125	$8,962	$9,829	$10,727
Cumulative Return	$3,670	$8,020	$13,074	$18,857	$25,394	$32,711	$40,837	$49,800	$59,630	$70,357

Investment Metrics
Cumulative ROI	5.8%	12.0%	18.4%	25.1%	32.0%	39.0%	46.1%	53.3%	60.5%	67.6%
Cash On Cash	2.4%	3.0%	3.5%	4.1%	4.5%	5.0%	5.4%	5.7%	6.1%	6.4%