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$716,990

Radio Arts - 206 King St W - 1307_radar - Hamilton, ON, L8P 1A5

MLS® # PB305-1307_RADAR

1.0 Beds

1 Bath

695 sqft

Property Features:

  • Bedrooms: 1.0
  • Bathrooms: 1.0
  • Floor Space (approx): 695

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

44.5%

Cumulative Market Appreciation

$198,091

Net Operating Income in Year 5

$3,995

Cash on Cash Return in Year 5

-14.9%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$
Mortgage Amount $573,592
Mortgage Payment
%
$2,976

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $930
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $709
Net Operating Income $220
Debt Service
Mortgage Payment $2,976
Net Cash Flow -$2,755

Acquistion Costs

Deposit $89,622
Land Transfer Tax $10,814
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $53,776
Total Acquisition Costs $170,712

Deposit Schedule

With the Offer $5,500
Deposit @ 120 days $30,349
Deposit @ 0 days $17,924
Due on Occupancy $35,849
Total Deposit $89,622
Closing Date Jul 1, 2025

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $89,622 - - - - - - - - -
Closing Costs $81,090 - - - - - - - - -
Mortgage Paydown $4,409$9,136$9,575$10,035$10,518$11,023$11,553$12,108$12,690$13,300
Total $175,121$9,136$9,575$10,035$10,518$11,023$11,553$12,108$12,690$13,300
Cash Invested $175,121$184,258$193,833$203,869$214,387$225,411$236,965$249,073$261,764$275,065
Rental Cash Flows
Rent and other income $5,580$11,401$11,891$12,402$12,936$13,492$14,072$14,677$15,308$15,967
Operating Expenses -$4,255-$8,608-$8,804-$9,006-$9,212-$9,424-$9,641-$9,863-$10,091-$10,326
Mortgage Payment -$17,856-$35,713-$35,713-$35,713-$35,713-$35,713-$35,713-$35,713-$35,713-$35,713
Net Cash Flow -$16,531-$32,920-$32,626-$32,316-$31,989-$31,645-$31,282-$30,899-$30,496-$30,072
Returns
Property Price Appreciation $35,849$37,641$39,524$41,500$43,575$45,754$48,041$50,443$52,966$55,614
Mortgage Paydown $4,409$9,136$9,575$10,035$10,518$11,023$11,553$12,108$12,690$13,300
Net Cash Flow -$16,531-$32,920-$32,626-$32,316-$31,989-$31,645-$31,282-$30,899-$30,496-$30,072
Total Return $23,727$13,857$16,472$19,219$22,103$25,132$28,313$31,653$35,160$38,842
Cumulative Return $23,727$37,584$54,057$73,276$95,380$120,513$148,826$180,479$215,639$254,482
Investment Metrics
Cumulative ROI 13.5% 20.4% 27.9% 35.9% 44.5% 53.5% 62.8% 72.5% 82.4% 92.5%
Cash On Cash -9.4% -17.9% -16.8% -15.9% -14.9% -14.0% -13.2% -12.4% -11.7% -10.9%

Location of 1307_radar-206 King St W, Hamilton, ON, L8P 1A5

Demographic Information of 1307_radar-206 King St W, Hamilton, ON, L8P 1A5

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$87,703.66

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.51 %

High school certificate or equivalent

27.86 %

Apprenticeship trade certificate/diploma

5.14 %

College/non-university certificate

21.07 %

University certificate (below bachelor)

0.58 %

University Degree

21.82 %

Commuter

Travel To Work

By Car

60.2 %

By Public Transit

20.32 %

By Walking

15.39 %

By Bicycle

1.94 %

By Other Methods

2.15 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

77.65 %

Houses

22.35 %

Own Vs. Rent