Lake Pointe Condos - 253 Lake Driveway W - 2ai_a - Ajax, ON, L1S 5B5
2.0 Beds
2 Baths
694 sqft
2.0 Beds
2 Baths
694 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $152,580 |
Mortgage Amount | $610,320 |
Mortgage Payment % | $3,166 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,691 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $741 |
Net Operating Income | $949 |
Debt Service | |
Mortgage Payment | $3,166 |
Net Cash Flow | -$2,216 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $114,432 | - | $38,145 | - | - | - | - | - | - | - |
Closing Costs | - | - | $28,236 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $5,485 | $9,759 | $10,228 | $10,720 | $11,235 | $11,775 | $12,341 | $12,934 |
Total | $114,432 | $0 | $71,866 | $9,759 | $10,228 | $10,720 | $11,235 | $11,775 | $12,341 | $12,934 |
Cash Invested | $114,432 | $114,432 | $186,298 | $196,057 | $206,286 | $217,006 | $228,241 | $240,017 | $252,359 | $265,293 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $11,841 | $20,808 | $21,703 | $22,636 | $23,610 | $24,625 | $25,684 | $26,788 |
Operating Expenses | - | - | -$5,192 | -$9,029 | -$9,254 | -$9,485 | -$9,723 | -$9,968 | -$10,219 | -$10,478 |
Mortgage Payment | - | - | -$22,166 | -$38,000 | -$38,000 | -$38,000 | -$38,000 | -$38,000 | -$38,000 | -$38,000 |
Net Cash Flow | - | - | -$15,517 | -$26,221 | -$25,551 | -$24,849 | -$24,113 | -$23,343 | -$22,535 | -$21,690 |
Returns | ||||||||||
Property Price Appreciation | $38,145 | $40,052 | $42,054 | $44,157 | $46,365 | $48,683 | $51,117 | $53,673 | $56,357 | $59,175 |
Mortgage Paydown | - | - | $5,485 | $9,759 | $10,228 | $10,720 | $11,235 | $11,775 | $12,341 | $12,934 |
Net Cash Flow | - | - | -$15,517 | -$26,221 | -$25,551 | -$24,849 | -$24,113 | -$23,343 | -$22,535 | -$21,690 |
Total Return | $38,145 | $40,052 | $32,022 | $27,695 | $31,042 | $34,554 | $38,239 | $42,106 | $46,163 | $50,419 |
Cumulative Return | $38,145 | $78,197 | $110,219 | $137,915 | $168,957 | $203,512 | $241,752 | $283,858 | $330,021 | $380,441 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 59.2% | 70.3% | 81.9% | 93.8% | 105.9% | 118.3% | 130.8% | 143.4% |
Cash On Cash | - | - | -8.3% | -13.4% | -12.4% | -11.5% | -10.6% | -9.7% | -8.9% | -8.2% |
-0.29%
Price change (1 year)
35.49%
Price change (5 years)