Lake Pointe Condos - 253 Lake Driveway W - 2m_d - Ajax, ON, L1S 5B5
2.5 Beds
2 Baths
806 sqft
2.5 Beds
2 Baths
806 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $172,780 |
Mortgage Amount | $691,120 |
Mortgage Payment % | $3,585 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $2,345 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $892 |
Net Operating Income | $1,453 |
Debt Service | |
Mortgage Payment | $3,585 |
Net Cash Flow | -$2,132 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $129,582 | - | $43,195 | - | - | - | - | - | - | - |
Closing Costs | - | - | $30,256 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $6,211 | $11,051 | $11,582 | $12,139 | $12,722 | $13,334 | $13,975 | $14,647 |
Total | $129,582 | $0 | $79,662 | $11,051 | $11,582 | $12,139 | $12,722 | $13,334 | $13,975 | $14,647 |
Cash Invested | $129,582 | $129,582 | $209,244 | $220,295 | $231,878 | $244,018 | $256,741 | $270,075 | $284,051 | $298,698 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $16,418 | $28,851 | $30,092 | $31,386 | $32,735 | $34,143 | $35,611 | $37,142 |
Operating Expenses | - | - | -$6,244 | -$10,864 | -$11,143 | -$11,430 | -$11,725 | -$12,030 | -$12,343 | -$12,666 |
Mortgage Payment | - | - | -$25,101 | -$43,031 | -$43,031 | -$43,031 | -$43,031 | -$43,031 | -$43,031 | -$43,031 |
Net Cash Flow | - | - | -$14,927 | -$25,044 | -$24,082 | -$23,075 | -$22,021 | -$20,918 | -$19,763 | -$18,555 |
Returns | ||||||||||
Property Price Appreciation | $43,195 | $45,354 | $47,622 | $50,003 | $52,503 | $55,128 | $57,885 | $60,779 | $63,818 | $67,009 |
Mortgage Paydown | - | - | $6,211 | $11,051 | $11,582 | $12,139 | $12,722 | $13,334 | $13,975 | $14,647 |
Net Cash Flow | - | - | -$14,927 | -$25,044 | -$24,082 | -$23,075 | -$22,021 | -$20,918 | -$19,763 | -$18,555 |
Total Return | $43,195 | $45,354 | $38,906 | $36,011 | $40,004 | $44,193 | $48,586 | $53,196 | $58,030 | $63,101 |
Cumulative Return | $43,195 | $88,549 | $127,455 | $163,467 | $203,471 | $247,664 | $296,251 | $349,447 | $407,478 | $470,579 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 60.9% | 74.2% | 87.7% | 101.5% | 115.4% | 129.4% | 143.5% | 157.5% |
Cash On Cash | - | - | -7.1% | -11.4% | -10.4% | -9.5% | -8.6% | -7.7% | -7.0% | -6.2% |
5.85%
Price change (1 year)
63.44%
Price change (5 years)