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$664,900

2 Beds

2 Baths

759 sqft

c8_building_3-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Langley Township BC, V2Y 1S3

MLS® # PB876-C8_BUILDING_3
C8_Building_3 - Jericho Park by Essence Properties

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 759

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

85.1%

Cumulative Market Appreciation

$183,699

Net Operating Income in Year 5

$15,095

Cash on Cash Return in Year 5

-11.2%

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
%
$132,980
Mortgage Amount $531,920
Mortgage Payment
%
$2,759

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,850
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $860
Net Operating Income $989
Debt Service
Mortgage Payment $2,759
Net Cash Flow -$1,770

Acquistion Costs

Deposit $66,490
Land Transfer Tax $11,298
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $66,490
Total Acquisition Costs $160,778

Deposit Schedule

With the Offer $0
Deposit @ 7 days $33,245
Deposit @ 0 days $33,245
Total Deposit $66,490
Closing Date Dec 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $66,490 - - - - - - - - -
Closing Costs - - $94,288 - - - - - - -
Mortgage Paydown - - $3,401$8,439$8,845$9,270$9,715$10,182$10,672$11,185
Total $66,490$0$97,689$8,439$8,845$9,270$9,715$10,182$10,672$11,185
Cash Invested $66,490$66,490$164,179$172,618$181,463$190,734$200,450$210,633$221,305$232,490
Rental Cash Flows
Rent and other income - - $9,250$22,598$23,570$24,583$25,640$26,743$27,893$29,092
Operating Expenses - - -$4,302-$10,431-$10,688-$10,951-$11,223-$11,502-$11,788-$12,083
Mortgage Payment - - -$13,799-$33,118-$33,118-$33,118-$33,118-$33,118-$33,118-$33,118
Net Cash Flow - - -$8,851-$20,951-$20,236-$19,487-$18,701-$17,877-$17,014-$16,109
Returns
Property Price Appreciation $33,245$34,907$36,652$38,485$40,409$42,429$44,551$46,779$49,118$51,573
Mortgage Paydown - - $3,401$8,439$8,845$9,270$9,715$10,182$10,672$11,185
Net Cash Flow - - -$8,851-$20,951-$20,236-$19,487-$18,701-$17,877-$17,014-$16,109
Total Return $33,245$34,907$31,202$25,972$29,017$32,213$35,566$39,084$42,775$46,649
Cumulative Return $33,245$68,152$99,354$125,327$154,345$186,558$222,124$261,209$303,985$350,634
Investment Metrics
Cumulative ROI 50.0% 102.5% 60.5% 72.6% 85.1% 97.8% 110.8% 124.0% 137.4% 150.8%
Cash On Cash - - -5.4% -12.1% -11.2% -10.2% -9.3% -8.5% -7.7% -6.9%

Location of c8_building_3-19925 78B Avenue, Langley Township, BC, V2Y 1S3

Demographic Information of c8_building_3-19925 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