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$530,900

Corktown Condos - 225 John St S unit 12c - 904_1b_s_03 - Hamilton, ON, L8N 2C7

MLS® # PB1118-904_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

76.2%

Cumulative Market Appreciation

$146,677

Net Operating Income in Year 5

$2,777

Cash on Cash Return in Year 5

-17.0%

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
%
$106,180
Mortgage Amount $424,720
Mortgage Payment
%
$2,203

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 $564
Net Operating Income $147
Debt Service
Mortgage Payment $2,203
Net Cash Flow -$2,056

Acquistion Costs

Deposit $106,178
Land Transfer Tax $7,093
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $2
Total Acquisition Costs $129,773

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $21,545
Deposit @ 90 days $13,272
Deposit @ 150 days $13,272
Deposit @ 720 days $13,272
Deposit @ 1095 days $13,272
Due on Occupancy $26,545
Total Deposit $106,178
Closing Date Mar 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $53,089$13,272$26,545$13,272 - - - - - -
Closing Costs - - $23,595 - - - - - - -
Mortgage Paydown - - $538$6,634$6,952$7,287$7,637$8,004$8,389$8,792
Total $53,089$13,272$50,678$19,906$6,952$7,287$7,637$8,004$8,389$8,792
Cash Invested $53,089$66,361$117,039$136,945$143,898$151,186$158,823$166,827$175,217$184,009
Rental Cash Flows
Rent and other income - - $711$8,574$8,942$9,327$9,728$10,146$10,583$11,038
Operating Expenses - - -$564-$6,787-$6,941-$7,098-$7,260-$7,426-$7,596-$7,770
Mortgage Payment - - -$2,203-$26,444-$26,444-$26,444-$26,444-$26,444-$26,444-$26,444
Net Cash Flow - - -$2,056-$24,657-$24,442-$24,215-$23,976-$23,723-$23,457-$23,176
Returns
Property Price Appreciation $26,545$27,872$29,265$30,729$32,265$33,878$35,572$37,351$39,219$41,180
Mortgage Paydown - - $538$6,634$6,952$7,287$7,637$8,004$8,389$8,792
Net Cash Flow - - -$2,056-$24,657-$24,442-$24,215-$23,976-$23,723-$23,457-$23,176
Total Return $26,545$27,872$27,748$12,705$14,776$16,950$19,234$21,632$24,150$26,795
Cumulative Return $26,545$54,417$82,165$94,871$109,647$126,598$145,832$167,464$191,615$218,411
Investment Metrics
Cumulative ROI 50.0% 82.0% 70.2% 69.3% 76.2% 83.7% 91.8% 100.4% 109.4% 118.7%
Cash On Cash - - -1.8% -18.0% -17.0% -16.0% -15.1% -14.2% -13.4% -12.6%

Location of 904_1b_s_03-225 John St S unit 12c, Hamilton, ON, L8N 2C7

Demographic Information of 904_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