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$527,900

Jericho Park - 19925 78B Avenue - b2_building_2 - Langley Township, BC, V2Y 1S3

MLS® # PB174-B2_BUILDING_2

2.0 Beds

1 Bath

563 sqft

B2_Building_2 - Jericho Park by Essence Properties

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 1.0
  • Floor Space (approx): 563

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

84.7%

Cumulative Market Appreciation

$145,849

Net Operating Income in Year 5

$11,095

Cash on Cash Return in Year 5

-11.7%

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
%
$105,580
Mortgage Amount $422,320
Mortgage Payment
%
$2,191

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,372
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $646
Net Operating Income $726
Debt Service
Mortgage Payment $2,191
Net Cash Flow -$1,465

Acquistion Costs

Deposit $52,790
Land Transfer Tax $8,558
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $52,790
Total Acquisition Costs $130,638

Deposit Schedule

With the Offer $0
Deposit @ 7 days $26,395
Deposit @ 0 days $26,395
Total Deposit $52,790
Closing Date Dec 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $52,790 - - - - - - - - -
Closing Costs - - $77,848 - - - - - - -
Mortgage Paydown - - $1,073$6,622$6,940$7,274$7,623$7,990$8,374$8,776
Total $52,790$0$78,921$6,622$6,940$7,274$7,623$7,990$8,374$8,776
Cash Invested $52,790$52,790$131,711$138,334$145,275$152,549$160,173$168,163$176,538$185,315
Rental Cash Flows
Rent and other income - - $2,744$16,585$17,298$18,042$18,818$19,627$20,471$21,352
Operating Expenses - - -$1,292-$7,785-$7,976-$8,172-$8,374-$8,581-$8,795-$9,014
Mortgage Payment - - -$4,382-$26,294-$26,294-$26,294-$26,294-$26,294-$26,294-$26,294
Net Cash Flow - - -$2,930-$17,494-$16,972-$16,424-$15,850-$15,248-$14,618-$13,957
Returns
Property Price Appreciation $26,395$27,714$29,100$30,555$32,083$33,687$35,371$37,140$38,997$40,947
Mortgage Paydown - - $1,073$6,622$6,940$7,274$7,623$7,990$8,374$8,776
Net Cash Flow - - -$2,930-$17,494-$16,972-$16,424-$15,850-$15,248-$14,618-$13,957
Total Return $26,395$27,714$27,244$19,683$22,051$24,537$27,145$29,882$32,753$35,767
Cumulative Return $26,395$54,109$81,353$101,037$123,089$147,626$174,771$204,653$237,407$273,174
Investment Metrics
Cumulative ROI 50.0% 102.5% 61.8% 73.0% 84.7% 96.8% 109.1% 121.7% 134.5% 147.4%
Cash On Cash - - -2.2% -12.6% -11.7% -10.8% -9.9% -9.1% -8.3% -7.5%

Location of b2_building_2-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Demographic Information of b2_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