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$754,900

1.5 Beds

1 Bath

673 sqft

Etoile Gold - d1
2270 Springer Ave

Burnaby BC, V5B 3M7

MLS® # PB785-D1

Property Features:

  • Bedrooms: 1.5
  • Bathrooms: 1.0
  • Floor Space (approx): 673

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

89.9%

Cumulative Market Appreciation

$208,564

Net Operating Income in Year 5

$17,502

Cash on Cash Return in Year 5

-11.4%

Assumptions

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
%
$150,980
Mortgage Amount $603,920
Mortgage Payment
%
$3,133

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,958
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $793
Net Operating Income $1,164
Debt Service
Mortgage Payment $3,133
Net Cash Flow -$1,968

Acquistion Costs

Deposit $113,235
Land Transfer Tax $13,098
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $37,745
Total Acquisition Costs $180,578

Deposit Schedule

With the Offer $20,000
Deposit @ 7 days $17,745
Deposit @ 120 days $37,745
Deposit @ 360 days $37,745
Total Deposit $113,235
Closing Date Mar 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $113,235 - - - - - - - - -
Closing Costs - - $67,343 - - - - - - -
Mortgage Paydown - - $766$9,433$9,886$10,361$10,859$11,381$11,928$12,502
Total $113,235$0$68,109$9,433$9,886$10,361$10,859$11,381$11,928$12,502
Cash Invested $113,235$113,235$181,344$190,777$200,664$211,025$221,885$233,267$245,196$257,698
Rental Cash Flows
Rent and other income - - $1,958$23,585$24,599$25,657$26,760$27,911$29,111$30,363
Operating Expenses - - -$793-$9,544-$9,785-$10,033-$10,289-$10,552-$10,822-$11,101
Mortgage Payment - - -$3,133-$37,601-$37,601-$37,601-$37,601-$37,601-$37,601-$37,601
Net Cash Flow - - -$1,968-$23,560-$22,788-$21,978-$21,130-$20,242-$19,313-$18,340
Returns
Property Price Appreciation $37,745$39,632$41,613$43,694$45,879$48,173$50,581$53,111$55,766$58,554
Mortgage Paydown - - $766$9,433$9,886$10,361$10,859$11,381$11,928$12,502
Net Cash Flow - - -$1,968-$23,560-$22,788-$21,978-$21,130-$20,242-$19,313-$18,340
Total Return $37,745$39,632$40,411$29,566$32,977$36,556$40,311$44,249$48,382$52,716
Cumulative Return $37,745$77,377$117,788$147,355$180,333$216,889$257,200$301,450$349,832$402,549
Investment Metrics
Cumulative ROI 33.3% 68.3% 65.0% 77.2% 89.9% 102.8% 115.9% 129.2% 142.7% 156.2%
Cash On Cash - - -1.1% -12.3% -11.4% -10.4% -9.5% -8.7% -7.9% -7.1%

Location of d1-2270 Springer Ave, Burnaby, BC, V5B 3M7

Demographic Information of d1-2270 Springer Ave, Burnaby, BC, V5B 3M7

Life Stage

Midlife Families

Employment Type

Service Sector/White Collar

Average Household Income

$96,151.93

Average Number of Children

1.46

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.81 %

High school certificate or equivalent

28.0 %

Apprenticeship trade certificate/diploma

5.12 %

College/non-university certificate

15.84 %

University certificate (below bachelor)

1.81 %

University Degree

38.42 %

Commuter

Travel To Work

By Car

69.15 %

By Public Transit

21.59 %

By Walking

5.17 %

By Bicycle

0.29 %

By Other Methods

3.8 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

84.34 %

Houses

15.66 %

Own Vs. Rent