Corktown Condos - 225 John St S unit 12c - 904_1b_s_03 - Hamilton, ON, L8N 2C7
1.0 Beds
1 Bath
532 sqft
1.0 Beds
1 Bath
532 sqft
MULTIMEDIA
Mortgage | |
---|---|
Purchase Price | $ |
Down Payment % | $106,180 |
Mortgage Amount | $424,720 |
Mortgage Payment % | $2,203 |
Income | |
---|---|
Gross Rental Income | $ |
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 |
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 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% |