Lake Pointe Condos - 253 Lake Driveway W - 102_1k_d - Ajax, ON, L1S 5B5
1.5 Beds
1 Bath
566 sqft
1.5 Beds
1 Bath
566 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $134,580 |
Mortgage Amount | $538,320 |
Mortgage Payment % | $2,793 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,647 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $643 |
Net Operating Income | $1,003 |
Debt Service | |
Mortgage Payment | $2,793 |
Net Cash Flow | -$1,789 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $100,932 | - | $33,645 | - | - | - | - | - | - | - |
Closing Costs | - | - | $26,436 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $4,837 | $8,608 | $9,021 | $9,455 | $9,910 | $10,386 | $10,885 | $11,408 |
Total | $100,932 | $0 | $64,918 | $8,608 | $9,021 | $9,455 | $9,910 | $10,386 | $10,885 | $11,408 |
Cash Invested | $100,932 | $100,932 | $165,850 | $174,459 | $183,481 | $192,936 | $202,846 | $213,233 | $224,118 | $235,527 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $11,529 | $20,260 | $21,131 | $22,040 | $22,988 | $23,976 | $25,007 | $26,082 |
Operating Expenses | - | - | -$4,504 | -$7,835 | -$8,035 | -$8,241 | -$8,453 | -$8,671 | -$8,896 | -$9,127 |
Mortgage Payment | - | - | -$19,551 | -$33,517 | -$33,517 | -$33,517 | -$33,517 | -$33,517 | -$33,517 | -$33,517 |
Net Cash Flow | - | - | -$12,526 | -$21,092 | -$20,421 | -$19,718 | -$18,982 | -$18,212 | -$17,406 | -$16,562 |
Returns | ||||||||||
Property Price Appreciation | $33,645 | $35,327 | $37,093 | $38,948 | $40,895 | $42,940 | $45,087 | $47,341 | $49,708 | $52,194 |
Mortgage Paydown | - | - | $4,837 | $8,608 | $9,021 | $9,455 | $9,910 | $10,386 | $10,885 | $11,408 |
Net Cash Flow | - | - | -$12,526 | -$21,092 | -$20,421 | -$19,718 | -$18,982 | -$18,212 | -$17,406 | -$16,562 |
Total Return | $33,645 | $35,327 | $29,405 | $26,463 | $29,495 | $32,677 | $36,014 | $39,515 | $43,188 | $47,041 |
Cumulative Return | $33,645 | $68,972 | $98,377 | $124,840 | $154,336 | $187,014 | $223,028 | $262,544 | $305,732 | $352,773 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 59.3% | 71.6% | 84.1% | 96.9% | 109.9% | 123.1% | 136.4% | 149.8% |
Cash On Cash | - | - | -7.6% | -12.1% | -11.1% | -10.2% | -9.4% | -8.5% | -7.8% | -7.0% |