Lake Pointe Condos - 253 Lake Driveway W - 1d_d - Ajax, ON, L1S 5B5
1.5 Beds
1 Bath
637 sqft
1.5 Beds
1 Bath
637 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $150,180 |
Mortgage Amount | $600,720 |
Mortgage Payment % | $3,116 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,853 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $722 |
Net Operating Income | $1,131 |
Debt Service | |
Mortgage Payment | $3,116 |
Net Cash Flow | -$1,985 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $112,632 | - | $37,545 | - | - | - | - | - | - | - |
Closing Costs | - | - | $27,996 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $5,398 | $9,606 | $10,067 | $10,551 | $11,058 | $11,590 | $12,147 | $12,731 |
Total | $112,632 | $0 | $70,939 | $9,606 | $10,067 | $10,551 | $11,058 | $11,590 | $12,147 | $12,731 |
Cash Invested | $112,632 | $112,632 | $183,571 | $193,177 | $203,245 | $213,797 | $224,855 | $236,446 | $248,593 | $261,324 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $12,975 | $22,801 | $23,782 | $24,805 | $25,871 | $26,984 | $28,144 | $29,354 |
Operating Expenses | - | - | -$5,054 | -$8,793 | -$9,018 | -$9,249 | -$9,487 | -$9,732 | -$9,984 | -$10,244 |
Mortgage Payment | - | - | -$21,818 | -$37,402 | -$37,402 | -$37,402 | -$37,402 | -$37,402 | -$37,402 | -$37,402 |
Net Cash Flow | - | - | -$13,897 | -$23,394 | -$22,638 | -$21,846 | -$21,018 | -$20,150 | -$19,242 | -$18,292 |
Returns | ||||||||||
Property Price Appreciation | $37,545 | $39,422 | $41,393 | $43,463 | $45,636 | $47,917 | $50,313 | $52,829 | $55,471 | $58,244 |
Mortgage Paydown | - | - | $5,398 | $9,606 | $10,067 | $10,551 | $11,058 | $11,590 | $12,147 | $12,731 |
Net Cash Flow | - | - | -$13,897 | -$23,394 | -$22,638 | -$21,846 | -$21,018 | -$20,150 | -$19,242 | -$18,292 |
Total Return | $37,545 | $39,422 | $32,895 | $29,674 | $33,065 | $36,622 | $40,354 | $44,269 | $48,375 | $52,683 |
Cumulative Return | $37,545 | $76,967 | $109,862 | $139,537 | $172,602 | $209,225 | $249,580 | $293,849 | $342,225 | $394,909 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 59.8% | 72.2% | 84.9% | 97.9% | 111.0% | 124.3% | 137.7% | 151.1% |
Cash On Cash | - | - | -7.6% | -12.1% | -11.1% | -10.2% | -9.3% | -8.5% | -7.7% | -7.0% |