Lake Pointe Condos - 253 Lake Driveway W - 2ai_b - Ajax, ON, L1S 5B5
2.0 Beds
2 Baths
643 sqft
2.0 Beds
2 Baths
643 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $145,980 |
Mortgage Amount | $583,920 |
Mortgage Payment % | $3,029 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,567 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $693 |
Net Operating Income | $874 |
Debt Service | |
Mortgage Payment | $3,029 |
Net Cash Flow | -$2,155 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $109,482 | - | $36,495 | - | - | - | - | - | - | - |
Closing Costs | - | - | $27,576 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $5,247 | $9,337 | $9,786 | $10,256 | $10,749 | $11,266 | $11,807 | $12,375 |
Total | $109,482 | $0 | $69,318 | $9,337 | $9,786 | $10,256 | $10,749 | $11,266 | $11,807 | $12,375 |
Cash Invested | $109,482 | $109,482 | $178,800 | $188,138 | $197,924 | $208,180 | $218,930 | $230,196 | $242,004 | $254,379 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $10,971 | $19,279 | $20,108 | $20,973 | $21,875 | $22,815 | $23,796 | $24,820 |
Operating Expenses | - | - | -$4,852 | -$8,438 | -$8,648 | -$8,863 | -$9,085 | -$9,313 | -$9,548 | -$9,790 |
Mortgage Payment | - | - | -$21,208 | -$36,356 | -$36,356 | -$36,356 | -$36,356 | -$36,356 | -$36,356 | -$36,356 |
Net Cash Flow | - | - | -$15,089 | -$25,515 | -$24,896 | -$24,247 | -$23,567 | -$22,854 | -$22,108 | -$21,326 |
Returns | ||||||||||
Property Price Appreciation | $36,495 | $38,319 | $40,235 | $42,247 | $44,359 | $46,577 | $48,906 | $51,352 | $53,919 | $56,615 |
Mortgage Paydown | - | - | $5,247 | $9,337 | $9,786 | $10,256 | $10,749 | $11,266 | $11,807 | $12,375 |
Net Cash Flow | - | - | -$15,089 | -$25,515 | -$24,896 | -$24,247 | -$23,567 | -$22,854 | -$22,108 | -$21,326 |
Total Return | $36,495 | $38,319 | $30,394 | $26,069 | $29,249 | $32,587 | $36,088 | $39,763 | $43,618 | $47,664 |
Cumulative Return | $36,495 | $74,814 | $105,209 | $131,278 | $160,528 | $193,115 | $229,204 | $268,967 | $312,586 | $360,250 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 58.8% | 69.8% | 81.1% | 92.8% | 104.7% | 116.8% | 129.2% | 141.6% |
Cash On Cash | - | - | -8.4% | -13.6% | -12.6% | -11.6% | -10.8% | -9.9% | -9.1% | -8.4% |