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$523,900

2 Beds

1 Bath

563 sqft

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

Langley Township BC, V2Y 1S3

MLS® # PB876-B2_BUILDING_2
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

82.2%

Cumulative Market Appreciation

$144,743

Net Operating Income in Year 5

$11,108

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
%
$104,780
Mortgage Amount $419,120
Mortgage Payment
%
$2,174

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 $645
Net Operating Income $727
Debt Service
Mortgage Payment $2,174
Net Cash Flow -$1,447

Acquistion Costs

Deposit $52,390
Land Transfer Tax $8,478
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $52,390
Total Acquisition Costs $129,758

Deposit Schedule

With the Offer $0
Deposit @ 7 days $26,195
Deposit @ 0 days $26,195
Total Deposit $52,390
Closing Date Dec 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $52,390 - - - - - - - - -
Closing Costs - - $77,368 - - - - - - -
Mortgage Paydown - - $2,679$6,649$6,969$7,304$7,655$8,023$8,409$8,813
Total $52,390$0$80,047$6,649$6,969$7,304$7,655$8,023$8,409$8,813
Cash Invested $52,390$52,390$132,437$139,087$146,057$153,361$161,017$169,040$177,449$186,263
Rental Cash Flows
Rent and other income - - $6,861$16,762$17,483$18,235$19,019$19,837$20,690$21,580
Operating Expenses - - -$3,225-$7,820-$8,012-$8,210-$8,413-$8,621-$8,836-$9,056
Mortgage Payment - - -$10,873-$26,095-$26,095-$26,095-$26,095-$26,095-$26,095-$26,095
Net Cash Flow - - -$7,237-$17,153-$16,624-$16,070-$15,489-$14,880-$14,241-$13,572
Returns
Property Price Appreciation $26,195$27,504$28,879$30,323$31,840$33,432$35,103$36,858$38,701$40,637
Mortgage Paydown - - $2,679$6,649$6,969$7,304$7,655$8,023$8,409$8,813
Net Cash Flow - - -$7,237-$17,153-$16,624-$16,070-$15,489-$14,880-$14,241-$13,572
Total Return $26,195$27,504$24,322$19,820$22,184$24,666$27,270$30,002$32,869$35,877
Cumulative Return $26,195$53,699$78,022$97,842$120,027$144,693$171,963$201,965$234,835$270,712
Investment Metrics
Cumulative ROI 50.0% 102.5% 58.9% 70.3% 82.2% 94.3% 106.8% 119.5% 132.3% 145.3%
Cash On Cash - - -5.5% -12.3% -11.4% -10.5% -9.6% -8.8% -8.0% -7.3%

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