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$539,900

Jericho Park - 19925 78B Avenue - b1a_1_building_2 - Langley Township, BC, V2Y 1S3

MLS® # PB174-B1A_1_BUILDING_2

2.0 Beds

1 Bath

631 sqft

B1a_1_Building_2 - Jericho Park by Essence Properties

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 1.0
  • Floor Space (approx): 631

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

86.4%

Cumulative Market Appreciation

$149,164

Net Operating Income in Year 5

$12,601

Cash on Cash Return in Year 5

-11.0%

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
%
$107,980
Mortgage Amount $431,920
Mortgage Payment
%
$2,241

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,538
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $711
Net Operating Income $826
Debt Service
Mortgage Payment $2,241
Net Cash Flow -$1,414

Acquistion Costs

Deposit $53,990
Land Transfer Tax $8,798
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $53,990
Total Acquisition Costs $133,278

Deposit Schedule

With the Offer $0
Deposit @ 7 days $26,995
Deposit @ 0 days $26,995
Total Deposit $53,990
Closing Date Dec 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $53,990 - - - - - - - - -
Closing Costs - - $79,288 - - - - - - -
Mortgage Paydown - - $1,098$6,772$7,098$7,439$7,797$8,172$8,564$8,976
Total $53,990$0$80,386$6,772$7,098$7,439$7,797$8,172$8,564$8,976
Cash Invested $53,990$53,990$134,376$141,149$148,247$155,687$163,484$171,656$180,221$189,198
Rental Cash Flows
Rent and other income - - $3,076$18,589$19,388$20,222$21,091$21,998$22,944$23,931
Operating Expenses - - -$1,422-$8,571-$8,782-$8,999-$9,221-$9,451-$9,686-$9,929
Mortgage Payment - - -$4,482-$26,892-$26,892-$26,892-$26,892-$26,892-$26,892-$26,892
Net Cash Flow - - -$2,828-$16,874-$16,286-$15,669-$15,022-$14,345-$13,635-$12,890
Returns
Property Price Appreciation $26,995$28,344$29,761$31,250$32,812$34,453$36,175$37,984$39,883$41,878
Mortgage Paydown - - $1,098$6,772$7,098$7,439$7,797$8,172$8,564$8,976
Net Cash Flow - - -$2,828-$16,874-$16,286-$15,669-$15,022-$14,345-$13,635-$12,890
Total Return $26,995$28,344$28,031$21,148$23,624$26,223$28,950$31,811$34,813$37,963
Cumulative Return $26,995$55,339$83,371$104,519$128,144$154,367$183,317$215,128$249,942$287,906
Investment Metrics
Cumulative ROI 50.0% 102.5% 62.0% 74.0% 86.4% 99.2% 112.1% 125.3% 138.7% 152.2%
Cash On Cash - - -2.1% -12.0% -11.0% -10.1% -9.2% -8.4% -7.6% -6.8%

Location of b1a_1_building_2-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Demographic Information of b1a_1_building_2-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$139,213.19

Average Number of Children

1.96

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.85 %

High school certificate or equivalent

36.82 %

Apprenticeship trade certificate/diploma

6.95 %

College/non-university certificate

18.0 %

University certificate (below bachelor)

1.01 %

University Degree

24.38 %

Commuter

Travel To Work

By Car

91.29 %

By Public Transit

5.24 %

By Walking

1.22 %

By Bicycle

0.0 %

By Other Methods

2.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

100.0 %

Own Vs. Rent