$109,000

7 330 13th AVENUE NE, Swift Current, Saskatchewan, S9H 2W1

QuickQuote^TM: Not Available

MLS® # SK992852

1 Beds

1 Bath

Property Information:

Turn key 1 bedroom condo located in Swift Current's North East neighborhood. Step into this professionally updated 1 bedroom condo and find that this property offers a quick possession and no stairs making it convenient and accessible, perfect for hassle free living. Enjoy the updated kitchen, bathroom, fresh paint, PVC windows, updated flooring, baseboards and light fixtures all ready for you to move in. Condo fees are $240.00 monthly and cover heat, water, sewer, common area maintenance ( inside and out ), yard care and snow removal. Highlights are: exclusive outdoor deck for relaxing, parking spot right outside your door, titled storage area for extra space, shared laundry facilities, guest suite free of charge for visiting family and friends, central water softener for soft water year round. All furniture and contents are negotiable. For more information or to book a tour, call today! (id:7525)

Building Features:

Style: Apartment
Building Type: Apartment
Amenities: Shared Laundry, Guest Suite
Architectural Style:
Heating Type:
Heating Fuel: Natural gas
Appliances: Refrigerator, Intercom, Dishwasher, Microwave, Window Coverings, Hood Fan, Stove

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 1
Bathrooms: 1
Built in: 1975
Community Features: Pets not Allowed
Condo Fees: $240 Monthly
Landscape Features: Lawn, Underground sprinkler
Lot Size: 0.00 Square Feet
Structure Type: Deck
Parking Type: Surfaced, Parking Spaces
No. of Parking Spaces: 2

Rooms:

Living Main Level 4.60 m x 6.20 m
Kitchen Main Level 4.60 m x 2.79 m
Bathroom Main Level Measurements not available
Bedroom Main Level 3.48 m x 4.44 m
Storage Main Level 2.13 m x 2.34 m

Convert Measurement to:

Rating:

Notes:

Erin Fuchs

Broker/Owner Royal LePage Formula 1 *

Mobile:306.741.5160

My Website

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Potential Investment Performance

Cumulative ROI

22.1%

Cumulative Market Appreciation

-$5,237

Net Operating Income in Year 5

$6,891

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 %	$21,800
Mortgage Amount	$87,200
Mortgage Payment %	$452

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$924

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$430
Net Operating Income	$493

Debt Service
Mortgage Payment	$452

Net Cash Flow	$41

Cap Rate

5.44%

Acquistion Costs

Down Payment $21,800

Land Transfer Tax $300

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $24,100

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	$21,800	-	-	-	-	-	-	-	-	-
Closing Costs	$2,300	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$1,356	$1,421	$1,490	$1,561	$1,637	$1,715	$1,798	$1,884	$1,975	$2,070
Total	$25,456	$1,421	$1,490	$1,561	$1,637	$1,715	$1,798	$1,884	$1,975	$2,070
Cash Invested	$25,456	$26,878	$28,368	$29,930	$31,567	$33,283	$35,081	$36,966	$38,941	$41,011

Rental Cash Flows
Rent and other income	$11,088	$11,421	$11,763	$12,116	$12,480	$12,854	$13,240	$13,637	$14,046	$14,467
Operating Expenses	-$5,163	-$5,277	-$5,395	-$5,515	-$5,637	-$5,763	-$5,892	-$6,023	-$6,158	-$6,295
Mortgage Payment	-$5,429	-$5,429	-$5,429	-$5,429	-$5,429	-$5,429	-$5,429	-$5,429	-$5,429	-$5,429
Net Cash Flow	$496	$714	$939	$1,172	$1,412	$1,661	$1,918	$2,184	$2,459	$2,742

Returns
Property Price Appreciation	-$1,068	-$1,057	-$1,047	-$1,037	-$1,026	-$1,016	-$1,006	-$997	-$987	-$977
Mortgage Paydown	$1,356	$1,421	$1,490	$1,561	$1,637	$1,715	$1,798	$1,884	$1,975	$2,070
Net Cash Flow	$496	$714	$939	$1,172	$1,412	$1,661	$1,918	$2,184	$2,459	$2,742
Total Return	$784	$1,078	$1,382	$1,697	$2,022	$2,360	$2,710	$3,072	$3,447	$3,835
Cumulative Return	$784	$1,862	$3,245	$4,942	$6,965	$9,325	$12,035	$15,107	$18,554	$22,390

Investment Metrics
Cumulative ROI	3.1%	6.9%	11.4%	16.5%	22.1%	28.0%	34.3%	40.9%	47.6%	54.6%
Cash On Cash	1.9%	2.7%	3.3%	3.9%	4.5%	5.0%	5.5%	5.9%	6.3%	6.7%