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$600,000

Burquitlam Park District - 602 Clarke Rd - c1a - Coquitlam, BC, V3J 3X6

MLS® # PB824-C1A

1.5 Beds

1 Bath

647 sqft

Property Features:

  • Bedrooms: 1.5
  • Bathrooms: 1.0
  • Floor Space (approx): 647

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

94.4%

Cumulative Market Appreciation

$165,768

Net Operating Income in Year 5

$17,561

Cash on Cash Return in Year 5

-9.4%

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
%
$120,000
Mortgage Amount $480,000
Mortgage Payment
%
$2,490

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,882
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $706
Net Operating Income $1,176
Debt Service
Mortgage Payment $2,490
Net Cash Flow -$1,314

Acquistion Costs

Deposit $90,000
Land Transfer Tax $10,000
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $30,000
Total Acquisition Costs $146,500

Deposit Schedule

With the Offer $0
Deposit @ 180 days $30,000
Deposit @ 540 days $30,000
Total Deposit $90,000
Closing Date Jun 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $60,000$30,000 - - - - - - - -
Closing Costs - - - $56,500 - - - - - -
Mortgage Paydown - - - $6,199$7,766$8,139$8,530$8,940$9,370$9,820
Total $60,000$30,000$0$62,699$7,766$8,139$8,530$8,940$9,370$9,820
Cash Invested $60,000$90,000$90,000$152,699$160,465$168,604$177,135$186,076$195,446$205,267
Rental Cash Flows
Rent and other income - - - $18,827$23,402$24,409$25,458$26,553$27,695$28,886
Operating Expenses - - - -$7,064-$8,658-$8,881-$9,111-$9,347-$9,591-$9,842
Mortgage Payment - - - -$24,905-$29,886-$29,886-$29,886-$29,886-$29,886-$29,886
Net Cash Flow - - - -$13,141-$15,141-$14,358-$13,538-$12,680-$11,782-$10,842
Returns
Property Price Appreciation $30,000$31,499$33,075$34,728$36,465$38,288$40,202$42,213$44,323$46,539
Mortgage Paydown - - - $6,199$7,766$8,139$8,530$8,940$9,370$9,820
Net Cash Flow - - - -$13,141-$15,141-$14,358-$13,538-$12,680-$11,782-$10,842
Total Return $30,000$31,499$33,075$27,786$29,089$32,069$35,194$38,473$41,911$45,518
Cumulative Return $30,000$61,500$94,575$122,361$151,450$183,519$218,714$257,187$299,099$344,617
Investment Metrics
Cumulative ROI 50.0% 68.3% 105.1% 80.1% 94.4% 108.8% 123.5% 138.2% 153.0% 167.9%
Cash On Cash - - - -8.6% -9.4% -8.5% -7.6% -6.8% -6.0% -5.3%

Location of c1a-602 Clarke Rd, Coquitlam, BC, V3J 3X6

Demographic Information of c1a-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