Lake Pointe Condos - 253 Lake Driveway W - 1a - Ajax, ON, L1S 5B5
1.0 Beds
1 Bath
520 sqft
1.0 Beds
1 Bath
520 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $128,580 |
Mortgage Amount | $514,320 |
Mortgage Payment % | $2,668 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,014 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $550 |
Net Operating Income | $464 |
Debt Service | |
Mortgage Payment | $2,668 |
Net Cash Flow | -$2,204 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $96,432 | - | $32,145 | - | - | - | - | - | - | - |
Closing Costs | - | - | $25,836 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $4,622 | $8,224 | $8,619 | $9,034 | $9,468 | $9,923 | $10,400 | $10,900 |
Total | $96,432 | $0 | $62,603 | $8,224 | $8,619 | $9,034 | $9,468 | $9,923 | $10,400 | $10,900 |
Cash Invested | $96,432 | $96,432 | $159,035 | $167,259 | $175,879 | $184,913 | $194,381 | $204,304 | $214,705 | $225,605 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $7,098 | $12,473 | $13,009 | $13,568 | $14,152 | $14,760 | $15,395 | $16,057 |
Operating Expenses | - | - | -$3,849 | -$6,692 | -$6,852 | -$7,017 | -$7,186 | -$7,359 | -$7,538 | -$7,721 |
Mortgage Payment | - | - | -$18,680 | -$32,023 | -$32,023 | -$32,023 | -$32,023 | -$32,023 | -$32,023 | -$32,023 |
Net Cash Flow | - | - | -$15,432 | -$26,241 | -$25,865 | -$25,471 | -$25,056 | -$24,622 | -$24,165 | -$23,687 |
Returns | ||||||||||
Property Price Appreciation | $32,145 | $33,752 | $35,439 | $37,211 | $39,072 | $41,026 | $43,077 | $45,231 | $47,492 | $49,867 |
Mortgage Paydown | - | - | $4,622 | $8,224 | $8,619 | $9,034 | $9,468 | $9,923 | $10,400 | $10,900 |
Net Cash Flow | - | - | -$15,432 | -$26,241 | -$25,865 | -$25,471 | -$25,056 | -$24,622 | -$24,165 | -$23,687 |
Total Return | $32,145 | $33,752 | $24,630 | $19,194 | $21,826 | $24,588 | $27,488 | $30,532 | $33,727 | $37,080 |
Cumulative Return | $32,145 | $65,897 | $90,527 | $109,721 | $131,547 | $156,136 | $183,625 | $214,158 | $247,885 | $284,965 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 56.9% | 65.6% | 74.8% | 84.4% | 94.5% | 104.8% | 115.5% | 126.3% |
Cash On Cash | - | - | -9.7% | -15.7% | -14.7% | -13.8% | -12.9% | -12.1% | -11.3% | -10.5% |
-0.29%
Price change (1 year)
35.49%
Price change (5 years)