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$551,900

Corktown Condos - 225 John St S unit 12c - 1604_1b_s_03 - Hamilton, ON, L8N 2C7

MLS® # PB1118-1604_1B_S_03

1.0 Beds

1 Bath

532 sqft

Property Features:

  • Bedrooms: 1.0
  • Bathrooms: 1.0
  • Floor Space (approx): 532

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

76.3%

Cumulative Market Appreciation

$152,479

Net Operating Income in Year 5

$2,712

Cash on Cash Return in Year 5

-17.1%

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
%
$110,380
Mortgage Amount $441,520
Mortgage Payment
%
$2,290

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $711
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $569
Net Operating Income $142
Debt Service
Mortgage Payment $2,290
Net Cash Flow -$2,148

Acquistion Costs

Deposit $110,378
Land Transfer Tax $7,513
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $2
Total Acquisition Costs $134,393

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $22,595
Deposit @ 90 days $13,797
Deposit @ 150 days $13,797
Deposit @ 720 days $13,797
Deposit @ 1095 days $13,797
Due on Occupancy $27,595
Total Deposit $110,378
Closing Date Mar 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $55,189$13,797$27,595$13,797 - - - - - -
Closing Costs - - $24,015 - - - - - - -
Mortgage Paydown - - $560$6,896$7,227$7,575$7,939$8,321$8,721$9,140
Total $55,189$13,797$52,170$20,693$7,227$7,575$7,939$8,321$8,721$9,140
Cash Invested $55,189$68,986$121,156$141,849$149,077$156,653$164,592$172,913$181,634$190,774
Rental Cash Flows
Rent and other income - - $711$8,574$8,942$9,327$9,728$10,146$10,583$11,038
Operating Expenses - - -$569-$6,847-$7,002-$7,161-$7,324-$7,491-$7,662-$7,838
Mortgage Payment - - -$2,290-$27,490-$27,490-$27,490-$27,490-$27,490-$27,490-$27,490
Net Cash Flow - - -$2,148-$25,763-$25,549-$25,324-$25,086-$24,834-$24,569-$24,290
Returns
Property Price Appreciation $27,595$28,974$30,423$31,944$33,541$35,218$36,979$38,828$40,770$42,808
Mortgage Paydown - - $560$6,896$7,227$7,575$7,939$8,321$8,721$9,140
Net Cash Flow - - -$2,148-$25,763-$25,549-$25,324-$25,086-$24,834-$24,569-$24,290
Total Return $27,595$28,974$28,835$13,077$15,220$17,470$19,833$22,315$24,921$27,658
Cumulative Return $27,595$56,569$85,405$98,482$113,702$131,173$151,006$173,321$198,243$225,902
Investment Metrics
Cumulative ROI 50.0% 82.0% 70.5% 69.4% 76.3% 83.7% 91.7% 100.2% 109.1% 118.4%
Cash On Cash - - -1.8% -18.2% -17.1% -16.2% -15.2% -14.4% -13.5% -12.7%

Location of 1604_1b_s_03-225 John St S unit 12c, Hamilton, ON, L8N 2C7

Demographic Information of 1604_1b_s_03-225 John St S unit 12c, Hamilton, ON, L8N 2C7

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$88,954.95

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.96 %

High school certificate or equivalent

28.22 %

Apprenticeship trade certificate/diploma

4.3 %

College/non-university certificate

20.33 %

University certificate (below bachelor)

0.7 %

University Degree

26.49 %

Commuter

Travel To Work

By Car

55.2 %

By Public Transit

25.19 %

By Walking

14.86 %

By Bicycle

0.49 %

By Other Methods

4.26 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

86.6 %

Houses

13.4 %

Own Vs. Rent