$258,900

78 Macdonald CRESCENT, Swift Current, Saskatchewan, S9H 1P4

QuickQuote^TM: $254K - $322K

MLS® # SK993639

2 Beds

2 Baths

1020 FEETSQ sqft

Property Information:

Experience tranquil living in the highly sought-after northeast area of the city. This mid century modern style home is conveniently located just steps from Elmwood Golf Course, near sports facilities such as the IPLEX/baseball diamonds, scenic walking paths, and within the esteemed Irwin School District. Upon entering, you are welcomed into a cozy front living room featuring a charming gas fireplace, perfect for relaxation. Adjacent to this space is a spacious eat-in kitchen, which boasts patio door access to a beautifully landscaped backyard, ideal for entertaining or unwinding. The second floor offers two generously sized bedrooms complemented by a fully renovated four-piece bathroom. The lower level features a family room, a modern three-piece bathroom, and a utility/laundry room. Additionally, there is a crawl space beneath the kitchen and living room, providing ample storage options. The property includes a carport with a small workshop at the rear, which could potentially be converted into a single garage. The dining room's garden doors lead directly onto a deck complete with a gazebo, perfect for outdoor gatherings. The backyard is adorned with numerous shade trees, a garden shed, and a designated parking area accessible from the alley, accommodating an extra vehicle or RV. This home seamlessly combines comfort, functionality, and an ideal location, making it a remarkable opportunity for prospective buyers. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: Partial, Crawl space
Construction Style - Split Level: Split level
Fireplace Fuel: Gas
Fireplace Type: Conventional
Floor Space: 1020 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Washer, Refrigerator, Dryer, Window Coverings, Hood Fan, Storage Shed, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 2
Bathrooms: 2
Built in: 1969
Features: Treed, Lane, Rectangular, Double width or more driveway, Paved driveway
Fence Type: Fence
Floor Space (approx): 1020 Square Feet
Landscape Features: Lawn
Lot Frontage: 60.0 Feet
Lot Size: 7680.00 Square Feet
Structure Type: Deck
Parking Type: Carport, None, Gravel, Parking Spaces
No. of Parking Spaces: 4

Rooms:

Bathroom 2nd Level 6'10 x 4'11
Bedroom 2nd Level 8'11 x 13'3
Bedroom 2nd Level 13'3 x 12'6
Family Basement Level 12'11 x 16'10
Bathroom Basement Level 10'8 x 4'4
Laundry Basement Level 8'6 x 8'8
Porch Basement Level 5'0 x 5'4
Kitchen Main Level 16'10 x 19'5
Living Main Level 11'11 x 19'6

Courtesy of: RE/MAX of Swift Current

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Potential Investment Performance

Cumulative ROI

79.8%

Cumulative Market Appreciation

$31,458

Net Operating Income in Year 5

$15,513

Cash on Cash Return in Year 5

3.5%

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 %	$51,780
Mortgage Amount	$207,120
Mortgage Payment %	$1,074

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	$471
Net Operating Income	$1,130

Debt Service
Mortgage Payment	$1,074

Net Cash Flow	$55

Cap Rate

5.24%

Acquistion Costs

Down Payment $51,780

Land Transfer Tax $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $53,780

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	$51,780	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,222	$3,377	$3,539	$3,709	$3,888	$4,075	$4,270	$4,476	$4,691	$4,916
Total	$57,002	$3,377	$3,539	$3,709	$3,888	$4,075	$4,270	$4,476	$4,691	$4,916
Cash Invested	$57,002	$60,380	$63,919	$67,629	$71,517	$75,593	$79,864	$84,340	$89,031	$93,948

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	-$5,660	-$5,799	-$5,942	-$6,088	-$6,238	-$6,392	-$6,550	-$6,711	-$6,877	-$7,048
Mortgage Payment	-$12,895	-$12,895	-$12,895	-$12,895	-$12,895	-$12,895	-$12,895	-$12,895	-$12,895	-$12,895
Net Cash Flow	$671	$1,109	$1,560	$2,026	$2,506	$3,002	$3,513	$4,040	$4,583	$5,144

Returns
Property Price Appreciation	$6,006	$6,145	$6,288	$6,434	$6,583	$6,736	$6,892	$7,052	$7,216	$7,383
Mortgage Paydown	$3,222	$3,377	$3,539	$3,709	$3,888	$4,075	$4,270	$4,476	$4,691	$4,916
Net Cash Flow	$671	$1,109	$1,560	$2,026	$2,506	$3,002	$3,513	$4,040	$4,583	$5,144
Total Return	$9,900	$10,632	$11,388	$12,170	$12,978	$13,813	$14,676	$15,569	$16,491	$17,444
Cumulative Return	$9,900	$20,532	$31,921	$44,092	$57,070	$70,884	$85,561	$101,130	$117,622	$135,066

Investment Metrics
Cumulative ROI	17.4%	34.0%	49.9%	65.2%	79.8%	93.8%	107.1%	119.9%	132.1%	143.8%
Cash On Cash	1.2%	1.8%	2.4%	3.0%	3.5%	4.0%	4.4%	4.8%	5.1%	5.5%