$289,000

463 Steele CRESCENT, Swift Current, Saskatchewan, S9H 4P7

QuickQuote^TM: Not Available

MLS® # SK983268

4 Beds

2 Baths

Property Information:

Nestled in the prestigious Trail subdivision, this remarkable home is making its debut on the market after more than 30 years. The meticulously maintained lot boasts a perfectly manicured lawn, mature greenery, and perennials, all elegantly enclosed by a new fence. Enjoy the serenity of the back patio overlooking your lush garden and the convenience of an insulated double car garage. Upon entering, you'll be greeted by a spacious back porch leading into the kitchen and dining area, which offers a picturesque view of your backyard oasis. The custom oak kitchen features a peninsula, double sinks, stainless steel appliances, and is adorned with vinyl plank flooring. The expansive front room, bathed in southwest sunlight, provides a scenic view of the front yard. The hallway leads to a beautifully renovated 4-piece bathroom and three main floor bedrooms, including the master suite complete with a walk-in closet. The cozy basement invites you into an oversized family room with a wood-burning fireplace. Here, you'll also find a fourth bedroom, a second recently updated bathroom, and a laundry/storage area. Lovingly maintained by its long-term owners, the home has undergone timely updates to major components such as shingles, soffit, fascia, vinyl siding, PVC windows, and a newly resurfaced driveway. For more information or to schedule a private viewing, please contact us today. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: Full
Fireplace Fuel: Wood
Fireplace Type: Conventional
Heating Type: Forced air
Heating Fuel: Natural gas
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Window Coverings, Garage door opener remote, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 4
Bathrooms: 2
Built in: 1982
Features: Treed, Rectangular
Fence Type: Partially fenced
Landscape Features: Lawn, Underground sprinkler, Garden Area
Lot Frontage: 55.6 Feet
Lot Size: 6589.00 Square Feet
Structure Type: Deck
Parking Type: Detached garage, Interlocked, Parking Spaces
No. of Parking Spaces: 6

Rooms:

Family Basement Level 15'10 x 22'8
Storage Basement Level 8'10 x 8'7
Bedroom Basement Level 8'5 x 12'8
Bathroom Basement Level 6'8 x 7'0
Laundry Basement Level 9'11 x 13'2
Utility Basement Level 13'6 x 5'1
Kitchen Main Level 19'8 x 11'8
Living Main Level 18'11 x 12'0
Porch Main Level 7'4 x 6'11
Bedroom Main Level 10'7 x 8'7
Bedroom Main Level 10'6 x 8'3
Primary Bedroom Main Level 11'7 x 9'9
Bathroom Main Level 6'5 x 6'8

Courtesy of: RE/MAX of Swift Current

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Potential Investment Performance

Cumulative ROI

25.8%

Cumulative Market Appreciation

-$10,816

Net Operating Income in Year 5

$17,894

Cash on Cash Return in Year 5

4.2%

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 %	$57,800
Mortgage Amount	$231,200
Mortgage Payment %	$1,199

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	$513
Net Operating Income	$1,305

Debt Service
Mortgage Payment	$1,199

Net Cash Flow	$105

Cap Rate

5.42%

Acquistion Costs

Down Payment $57,800

Land Transfer Tax $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $59,800

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	$57,800	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,597	$3,770	$3,951	$4,141	$4,340	$4,548	$4,767	$4,996	$5,236	$5,488
Total	$63,397	$3,770	$3,951	$4,141	$4,340	$4,548	$4,767	$4,996	$5,236	$5,488
Cash Invested	$63,397	$67,167	$71,118	$75,259	$79,600	$84,149	$88,916	$93,913	$99,150	$104,638

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	-$6,165	-$6,318	-$6,474	-$6,635	-$6,799	-$6,968	-$7,141	-$7,319	-$7,502	-$7,689
Mortgage Payment	-$14,395	-$14,395	-$14,395	-$14,395	-$14,395	-$14,395	-$14,395	-$14,395	-$14,395	-$14,395
Net Cash Flow	$1,267	$1,770	$2,288	$2,822	$3,373	$3,941	$4,527	$5,131	$5,754	$6,396

Returns
Property Price Appreciation	-$2,196	-$2,179	-$2,163	-$2,146	-$2,130	-$2,114	-$2,098	-$2,082	-$2,066	-$2,050
Mortgage Paydown	$3,597	$3,770	$3,951	$4,141	$4,340	$4,548	$4,767	$4,996	$5,236	$5,488
Net Cash Flow	$1,267	$1,770	$2,288	$2,822	$3,373	$3,941	$4,527	$5,131	$5,754	$6,396
Total Return	$2,668	$3,360	$4,076	$4,816	$5,583	$6,376	$7,196	$8,045	$8,924	$9,834
Cumulative Return	$2,668	$6,029	$10,105	$14,922	$20,505	$26,881	$34,078	$42,124	$51,048	$60,883

Investment Metrics
Cumulative ROI	4.2%	9.0%	14.2%	19.8%	25.8%	31.9%	38.3%	44.9%	51.5%	58.2%
Cash On Cash	2.0%	2.6%	3.2%	3.8%	4.2%	4.7%	5.1%	5.5%	5.8%	6.1%