Lake Pointe Condos - 253 Lake Driveway W - 1e - Ajax, ON, L1S 5B5
1.0 Beds
1 Bath
548 sqft
1.0 Beds
1 Bath
548 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $129,380 |
Mortgage Amount | $517,520 |
Mortgage Payment % | $2,685 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,068 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $572 |
Net Operating Income | $496 |
Debt Service | |
Mortgage Payment | $2,685 |
Net Cash Flow | -$2,188 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $97,032 | - | $32,345 | - | - | - | - | - | - | - |
Closing Costs | - | - | $25,916 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $4,651 | $8,275 | $8,673 | $9,090 | $9,527 | $9,985 | $10,464 | $10,967 |
Total | $97,032 | $0 | $62,912 | $8,275 | $8,673 | $9,090 | $9,527 | $9,985 | $10,464 | $10,967 |
Cash Invested | $97,032 | $97,032 | $159,944 | $168,219 | $176,893 | $185,983 | $195,510 | $205,495 | $215,960 | $226,928 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $7,480 | $13,144 | $13,710 | $14,299 | $14,914 | $15,555 | $16,224 | $16,922 |
Operating Expenses | - | - | -$4,004 | -$6,959 | -$7,127 | -$7,298 | -$7,475 | -$7,656 | -$7,842 | -$8,033 |
Mortgage Payment | - | - | -$18,796 | -$32,222 | -$32,222 | -$32,222 | -$32,222 | -$32,222 | -$32,222 | -$32,222 |
Net Cash Flow | - | - | -$15,320 | -$26,037 | -$25,639 | -$25,221 | -$24,782 | -$24,322 | -$23,839 | -$23,333 |
Returns | ||||||||||
Property Price Appreciation | $32,345 | $33,962 | $35,660 | $37,443 | $39,315 | $41,281 | $43,345 | $45,512 | $47,788 | $50,177 |
Mortgage Paydown | - | - | $4,651 | $8,275 | $8,673 | $9,090 | $9,527 | $9,985 | $10,464 | $10,967 |
Net Cash Flow | - | - | -$15,320 | -$26,037 | -$25,639 | -$25,221 | -$24,782 | -$24,322 | -$23,839 | -$23,333 |
Total Return | $32,345 | $33,962 | $24,991 | $19,681 | $22,349 | $25,150 | $28,089 | $31,175 | $34,413 | $37,812 |
Cumulative Return | $32,345 | $66,307 | $91,298 | $110,980 | $133,329 | $158,479 | $186,569 | $217,744 | $252,157 | $289,970 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 57.1% | 66.0% | 75.4% | 85.2% | 95.4% | 106.0% | 116.8% | 127.8% |
Cash On Cash | - | - | -9.6% | -15.5% | -14.5% | -13.6% | -12.7% | -11.8% | -11.0% | -10.3% |