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$547,990

Radio Arts - 206 King St W - 408_broadcast - Hamilton, ON, L8P 1A5

MLS® # PB1006-408_BROADCAST

485 sqft

408_Broadcast - Radio Arts by Canlight Realty Corp.

Property Features:

  • Bathrooms: 1.0
  • Floor Space (approx): 485

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

34.4%

Cumulative Market Appreciation

$151,399

Net Operating Income in Year 5

$550

Cash on Cash Return in Year 5

-15.9%

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
%
$109,598
Mortgage Amount $438,392
Mortgage Payment
%
$2,274

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $488
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $491
Net Operating Income -$3
Debt Service
Mortgage Payment $2,274
Net Cash Flow -$2,277

Acquistion Costs

Deposit $68,497
Land Transfer Tax $7,434
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $41,101
Total Acquisition Costs $133,532

Deposit Schedule

With the Offer $5,500
Deposit @ 120 days $21,899
Deposit @ 0 days $13,699
Due on Occupancy $27,399
Total Deposit $68,497
Closing Date Jul 1, 2025

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $68,497 - - - - - - - - -
Closing Costs $65,035 - - - - - - - - -
Mortgage Paydown $5,085$7,065$7,404$7,760$8,133$8,524$8,934$9,363$9,814$10,285
Total $138,617$7,065$7,404$7,760$8,133$8,524$8,934$9,363$9,814$10,285
Cash Invested $138,617$145,682$153,087$160,848$168,982$177,507$186,441$195,805$205,619$215,905
Rental Cash Flows
Rent and other income $4,398$6,054$6,314$6,585$6,869$7,164$7,472$7,793$8,128$8,478
Operating Expenses -$4,427-$6,001-$6,134-$6,270-$6,409-$6,551-$6,697-$6,847-$7,000-$7,157
Mortgage Payment -$20,471-$27,295-$27,295-$27,295-$27,295-$27,295-$27,295-$27,295-$27,295-$27,295
Net Cash Flow -$20,500-$27,242-$27,115-$26,979-$26,835-$26,682-$26,520-$26,349-$26,167-$25,974
Returns
Property Price Appreciation $27,399$28,769$30,207$31,718$33,304$34,969$36,717$38,553$40,481$42,505
Mortgage Paydown $5,085$7,065$7,404$7,760$8,133$8,524$8,934$9,363$9,814$10,285
Net Cash Flow -$20,500-$27,242-$27,115-$26,979-$26,835-$26,682-$26,520-$26,349-$26,167-$25,974
Total Return $11,984$8,591$10,497$12,499$14,602$16,811$19,131$21,568$24,128$26,816
Cumulative Return $11,984$20,576$31,073$43,573$58,175$74,987$94,118$115,687$139,815$166,631
Investment Metrics
Cumulative ROI 8.6% 14.1% 20.3% 27.1% 34.4% 42.2% 50.5% 59.1% 68.0% 77.2%
Cash On Cash -14.8% -18.7% -17.7% -16.8% -15.9% -15.0% -14.2% -13.5% -12.7% -12.0%

Location of 408_broadcast-206 King St W, Hamilton, ON, L8P 1A5

Demographic Information of 408_broadcast-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