Lake Pointe Condos - 253 Lake Driveway W - 1h - Ajax, ON, L1S 5B5
1.0 Beds
1 Bath
508 sqft
1.0 Beds
1 Bath
508 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $123,380 |
Mortgage Amount | $493,520 |
Mortgage Payment % | $2,560 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $990 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $535 |
Net Operating Income | $455 |
Debt Service | |
Mortgage Payment | $2,560 |
Net Cash Flow | -$2,105 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $92,532 | - | $30,845 | - | - | - | - | - | - | - |
Closing Costs | - | - | $25,316 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $4,435 | $7,891 | $8,271 | $8,668 | $9,085 | $9,522 | $9,979 | $10,459 |
Total | $92,532 | $0 | $60,596 | $7,891 | $8,271 | $8,668 | $9,085 | $9,522 | $9,979 | $10,459 |
Cash Invested | $92,532 | $92,532 | $153,128 | $161,020 | $169,291 | $177,959 | $187,045 | $196,567 | $206,546 | $217,006 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $6,934 | $12,185 | $12,709 | $13,255 | $13,825 | $14,420 | $15,040 | $15,687 |
Operating Expenses | - | - | -$3,745 | -$6,509 | -$6,665 | -$6,825 | -$6,990 | -$7,159 | -$7,333 | -$7,512 |
Mortgage Payment | - | - | -$17,924 | -$30,728 | -$30,728 | -$30,728 | -$30,728 | -$30,728 | -$30,728 | -$30,728 |
Net Cash Flow | - | - | -$14,735 | -$25,052 | -$24,684 | -$24,298 | -$23,892 | -$23,467 | -$23,021 | -$22,553 |
Returns | ||||||||||
Property Price Appreciation | $30,845 | $32,387 | $34,006 | $35,706 | $37,492 | $39,366 | $41,335 | $43,402 | $45,572 | $47,850 |
Mortgage Paydown | - | - | $4,435 | $7,891 | $8,271 | $8,668 | $9,085 | $9,522 | $9,979 | $10,459 |
Net Cash Flow | - | - | -$14,735 | -$25,052 | -$24,684 | -$24,298 | -$23,892 | -$23,467 | -$23,021 | -$22,553 |
Total Return | $30,845 | $32,387 | $23,706 | $18,546 | $21,079 | $23,737 | $26,527 | $29,456 | $32,530 | $35,756 |
Cumulative Return | $30,845 | $63,232 | $86,938 | $105,485 | $126,564 | $150,301 | $176,829 | $206,285 | $238,816 | $274,573 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 56.8% | 65.5% | 74.8% | 84.5% | 94.5% | 104.9% | 115.6% | 126.5% |
Cash On Cash | - | - | -9.6% | -15.6% | -14.6% | -13.7% | -12.8% | -11.9% | -11.1% | -10.4% |
-0.29%
Price change (1 year)
35.49%
Price change (5 years)