Lake Pointe Condos - 253 Lake Driveway W - 1b - Ajax, ON, L1S 5B5
1.0 Beds
1 Bath
483 sqft
1.0 Beds
1 Bath
483 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $121,580 |
Mortgage Amount | $486,320 |
Mortgage Payment % | $2,523 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $941 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $513 |
Net Operating Income | $428 |
Debt Service | |
Mortgage Payment | $2,523 |
Net Cash Flow | -$2,094 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $91,182 | - | $30,395 | - | - | - | - | - | - | - |
Closing Costs | - | - | $25,136 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $4,370 | $7,776 | $8,150 | $8,542 | $8,952 | $9,383 | $9,834 | $10,306 |
Total | $91,182 | $0 | $59,901 | $7,776 | $8,150 | $8,542 | $8,952 | $9,383 | $9,834 | $10,306 |
Cash Invested | $91,182 | $91,182 | $151,083 | $158,860 | $167,010 | $175,552 | $184,505 | $193,888 | $203,722 | $214,029 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $6,592 | $11,585 | $12,083 | $12,603 | $13,145 | $13,710 | $14,300 | $14,915 |
Operating Expenses | - | - | -$3,592 | -$6,244 | -$6,394 | -$6,547 | -$6,705 | -$6,867 | -$7,034 | -$7,205 |
Mortgage Payment | - | - | -$17,663 | -$30,279 | -$30,279 | -$30,279 | -$30,279 | -$30,279 | -$30,279 | -$30,279 |
Net Cash Flow | - | - | -$14,662 | -$24,938 | -$24,590 | -$24,224 | -$23,839 | -$23,436 | -$23,013 | -$22,569 |
Returns | ||||||||||
Property Price Appreciation | $30,395 | $31,914 | $33,510 | $35,186 | $36,945 | $38,792 | $40,732 | $42,768 | $44,907 | $47,152 |
Mortgage Paydown | - | - | $4,370 | $7,776 | $8,150 | $8,542 | $8,952 | $9,383 | $9,834 | $10,306 |
Net Cash Flow | - | - | -$14,662 | -$24,938 | -$24,590 | -$24,224 | -$23,839 | -$23,436 | -$23,013 | -$22,569 |
Total Return | $30,395 | $31,914 | $23,218 | $18,023 | $20,505 | $23,110 | $25,845 | $28,715 | $31,727 | $34,889 |
Cumulative Return | $30,395 | $62,309 | $85,527 | $103,551 | $124,057 | $147,167 | $173,013 | $201,728 | $233,456 | $268,345 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 56.6% | 65.2% | 74.3% | 83.8% | 93.8% | 104.0% | 114.6% | 125.4% |
Cash On Cash | - | - | -9.7% | -15.7% | -14.7% | -13.8% | -12.9% | -12.1% | -11.3% | -10.5% |