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$400,000

Burquitlam Park District - 602 Clarke Rd - a1a - Coquitlam, BC, V3J 3X6

MLS® # PB824-A1A

400 sqft

Property Features:

  • Bathrooms: 1.0
  • Floor Space (approx): 400

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

78.5%

Cumulative Market Appreciation

$110,512

Net Operating Income in Year 5

$3,241

Cash on Cash Return in Year 5

-15.6%

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
%
$80,000
Mortgage Amount $320,000
Mortgage Payment
%
$1,660

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $585
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $390
Net Operating Income $195
Debt Service
Mortgage Payment $1,660
Net Cash Flow -$1,465

Acquistion Costs

Deposit $60,000
Land Transfer Tax $6,000
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $20,000
Total Acquisition Costs $102,500

Deposit Schedule

With the Offer $0
Deposit @ 180 days $20,000
Deposit @ 540 days $20,000
Total Deposit $60,000
Closing Date Jun 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $40,000$20,000 - - - - - - - -
Closing Costs - - - $42,500 - - - - - -
Mortgage Paydown - - - $4,132$5,177$5,426$5,687$5,960$6,246$6,547
Total $40,000$20,000$0$46,632$5,177$5,426$5,687$5,960$6,246$6,547
Cash Invested $40,000$60,000$60,000$106,632$111,810$117,236$122,923$128,884$135,131$141,678
Rental Cash Flows
Rent and other income - - - $5,850$7,271$7,584$7,910$8,250$8,605$8,975
Operating Expenses - - - -$3,900-$4,770-$4,881-$4,994-$5,111-$5,231-$5,354
Mortgage Payment - - - -$16,603-$19,924-$19,924-$19,924-$19,924-$19,924-$19,924
Net Cash Flow - - - -$14,653-$17,423-$17,221-$17,008-$16,785-$16,550-$16,303
Returns
Property Price Appreciation $20,000$20,999$22,050$23,152$24,310$25,525$26,801$28,142$29,549$31,026
Mortgage Paydown - - - $4,132$5,177$5,426$5,687$5,960$6,246$6,547
Net Cash Flow - - - -$14,653-$17,423-$17,221-$17,008-$16,785-$16,550-$16,303
Total Return $20,000$20,999$22,050$12,631$12,064$13,730$15,480$17,317$19,245$21,270
Cumulative Return $20,000$41,000$63,050$75,681$87,746$101,476$116,957$134,274$153,520$174,790
Investment Metrics
Cumulative ROI 50.0% 68.3% 105.1% 71.0% 78.5% 86.6% 95.1% 104.2% 113.6% 123.4%
Cash On Cash - - - -13.7% -15.6% -14.7% -13.8% -13.0% -12.2% -11.5%

Location of a1a-602 Clarke Rd, Coquitlam, BC, V3J 3X6

Demographic Information of a1a-602 Clarke Rd, Coquitlam, BC, V3J 3X6

Life Stage

Young Families

Employment Type

Service Sector/White Collar

Average Household Income

$115,715.07

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.05 %

High school certificate or equivalent

27.53 %

Apprenticeship trade certificate/diploma

5.77 %

College/non-university certificate

16.11 %

University certificate (below bachelor)

2.7 %

University Degree

35.85 %

Commuter

Travel To Work

By Car

74.65 %

By Public Transit

21.15 %

By Walking

2.75 %

By Bicycle

0.18 %

By Other Methods

1.27 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.78 %

Houses

47.22 %

Own Vs. Rent