Corktown Condos - 225 John St S unit 12c - 1207_1b_s_04 - Hamilton, ON, L8N 2C7
1.5 Beds
1 Bath
519 sqft
1.5 Beds
1 Bath
519 sqft
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $ |
Mortgage Amount | $438,320 |
Mortgage Payment % | $2,274 |
Income | |
---|---|
Gross Rental Income | $ |
Vacancy Rate % | $ |
Other | $ |
Gross Operating Income | $1,510 |
Operating Expenses | |
Management Fees % | $ |
Property Tax | $ |
Repair Reserve % | $ |
Insurance | $ |
Condo/Strata Fees | $ |
Total Operating Expenses | $634 |
Net Operating Income | $876 |
Debt Service | |
Mortgage Payment | $2,274 |
Net Cash Flow | -$1,398 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
---|---|---|---|---|---|---|---|---|---|---|
Investments | ||||||||||
Deposits | $54,789 | $13,697 | - | $41,092 | - | - | - | - | - | - |
Closing Costs | - | - | - | $23,935 | - | - | - | - | - | - |
Mortgage Paydown | - | - | - | $5,660 | $7,091 | $7,432 | $7,789 | $8,164 | $8,556 | $8,968 |
Total | $54,789 | $13,697 | $0 | $70,687 | $7,091 | $7,432 | $7,789 | $8,164 | $8,556 | $8,968 |
Cash Invested | $54,789 | $68,486 | $68,486 | $139,173 | $146,265 | $153,698 | $161,488 | $169,652 | $178,209 | $187,177 |
Rental Cash Flows | ||||||||||
Rent and other income | - | - | - | $15,102 | $18,772 | $19,580 | $20,422 | $21,300 | $22,216 | $23,171 |
Operating Expenses | - | - | - | -$6,342 | -$7,769 | -$7,965 | -$8,166 | -$8,373 | -$8,586 | -$8,805 |
Mortgage Payment | - | - | - | -$22,742 | -$27,291 | -$27,291 | -$27,291 | -$27,291 | -$27,291 | -$27,291 |
Net Cash Flow | - | - | - | -$13,982 | -$16,288 | -$15,676 | -$15,035 | -$14,364 | -$13,661 | -$12,925 |
Returns | ||||||||||
Property Price Appreciation | $27,395 | $28,764 | $30,202 | $31,713 | $33,298 | $34,963 | $36,711 | $38,547 | $40,474 | $42,498 |
Mortgage Paydown | - | - | - | $5,660 | $7,091 | $7,432 | $7,789 | $8,164 | $8,556 | $8,968 |
Net Cash Flow | - | - | - | -$13,982 | -$16,288 | -$15,676 | -$15,035 | -$14,364 | -$13,661 | -$12,925 |
Total Return | $27,395 | $28,764 | $30,202 | $23,391 | $24,102 | $26,720 | $29,466 | $32,347 | $35,370 | $38,541 |
Cumulative Return | $27,395 | $56,159 | $86,362 | $109,754 | $133,857 | $160,577 | $190,043 | $222,391 | $257,761 | $296,302 |
Investment Metrics | ||||||||||
Cumulative ROI | 50.0% | 82.0% | 126.1% | 78.9% | 91.5% | 104.5% | 117.7% | 131.1% | 144.6% | 158.3% |
Cash On Cash | - | - | - | -10.0% | -11.1% | -10.2% | -9.3% | -8.5% | -7.7% | -6.9% |