Lake Pointe Condos - 253 Lake Driveway W - 409_1f_d - Ajax, ON, L1S 5B5
1.5 Beds
2 Baths
660 sqft
1.5 Beds
2 Baths
660 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $151,380 |
Mortgage Amount | $605,520 |
Mortgage Payment % | $3,141 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,920 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $743 |
Net Operating Income | $1,177 |
Debt Service | |
Mortgage Payment | $3,141 |
Net Cash Flow | -$1,964 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $113,532 | - | $37,845 | - | - | - | - | - | - | - |
Closing Costs | - | - | $28,116 | - | - | - | - | - | - | - |
Mortgage Paydown | - | - | $5,441 | $9,682 | $10,148 | $10,635 | $11,147 | $11,682 | $12,244 | $12,832 |
Total | $113,532 | $0 | $71,402 | $9,682 | $10,148 | $10,635 | $11,147 | $11,682 | $12,244 | $12,832 |
Cash Invested | $113,532 | $113,532 | $184,934 | $194,617 | $204,765 | $215,401 | $226,548 | $238,231 | $250,476 | $263,309 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | $13,444 | $23,625 | $24,641 | $25,700 | $26,805 | $27,958 | $29,160 | $30,414 |
Operating Expenses | - | - | -$5,203 | -$9,053 | -$9,285 | -$9,523 | -$9,768 | -$10,021 | -$10,281 | -$10,549 |
Mortgage Payment | - | - | -$21,992 | -$37,701 | -$37,701 | -$37,701 | -$37,701 | -$37,701 | -$37,701 | -$37,701 |
Net Cash Flow | - | - | -$13,752 | -$23,129 | -$22,345 | -$21,524 | -$20,664 | -$19,764 | -$18,822 | -$17,835 |
Returns | ||||||||||
Property Price Appreciation | $37,845 | $39,737 | $41,724 | $43,810 | $46,000 | $48,300 | $50,715 | $53,251 | $55,914 | $58,710 |
Mortgage Paydown | - | - | $5,441 | $9,682 | $10,148 | $10,635 | $11,147 | $11,682 | $12,244 | $12,832 |
Net Cash Flow | - | - | -$13,752 | -$23,129 | -$22,345 | -$21,524 | -$20,664 | -$19,764 | -$18,822 | -$17,835 |
Total Return | $37,845 | $39,737 | $33,413 | $30,363 | $33,803 | $37,412 | $41,198 | $45,170 | $49,336 | $53,707 |
Cumulative Return | $37,845 | $77,582 | $110,996 | $141,359 | $175,163 | $212,575 | $253,774 | $298,945 | $348,281 | $401,988 |
Investment Metrics | ||||||||||
Cumulative ROI | 33.3% | 68.3% | 60.0% | 72.6% | 85.5% | 98.7% | 112.0% | 125.5% | 139.0% | 152.7% |
Cash On Cash | - | - | -7.4% | -11.9% | -10.9% | -10.0% | -9.1% | -8.3% | -7.5% | -6.8% |
-0.29%
Price change (1 year)
35.49%
Price change (5 years)