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$608,900

Corktown Condos - 225 John St S unit 12c - 913_1b_d_13 - Hamilton, ON, L8N 2C7

MLS® # PB1118-913_1B_D_13

1.5 Beds

1 Bath

647 sqft

Property Features:

  • Bedrooms: 1.5
  • Bathrooms: 1.0
  • Floor Space (approx): 647

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

91.9%

Cumulative Market Appreciation

$168,227

Net Operating Income in Year 5

$16,694

Cash on Cash Return in Year 5

-9.9%

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
%
$121,780
Mortgage Amount $487,120
Mortgage Payment
%
$2,527

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,882
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $773
Net Operating Income $1,109
Debt Service
Mortgage Payment $2,527
Net Cash Flow -$1,417

Acquistion Costs

Deposit $121,778
Land Transfer Tax $8,653
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $2
Total Acquisition Costs $146,933

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $25,445
Deposit @ 90 days $15,222
Deposit @ 150 days $15,222
Deposit @ 720 days $15,222
Deposit @ 1095 days $15,222
Due on Occupancy $30,445
Total Deposit $121,778
Closing Date Mar 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $60,889$15,222$30,445$15,222 - - - - - -
Closing Costs - - $25,155 - - - - - - -
Mortgage Paydown - - $618$7,608$7,974$8,357$8,759$9,180$9,621$10,084
Total $60,889$15,222$56,218$22,830$7,974$8,357$8,759$9,180$9,621$10,084
Cash Invested $60,889$76,111$132,329$155,159$163,134$171,492$180,251$189,432$199,053$209,137
Rental Cash Flows
Rent and other income - - $1,882$22,674$23,649$24,666$25,726$26,832$27,986$29,190
Operating Expenses - - -$773-$9,296-$9,531-$9,772-$10,020-$10,275-$10,538-$10,809
Mortgage Payment - - -$2,527-$30,329-$30,329-$30,329-$30,329-$30,329-$30,329-$30,329
Net Cash Flow - - -$1,417-$16,952-$16,211-$15,435-$14,623-$13,772-$12,881-$11,948
Returns
Property Price Appreciation $30,445$31,967$33,565$35,243$37,006$38,856$40,799$42,839$44,981$47,230
Mortgage Paydown - - $618$7,608$7,974$8,357$8,759$9,180$9,621$10,084
Net Cash Flow - - -$1,417-$16,952-$16,211-$15,435-$14,623-$13,772-$12,881-$11,948
Total Return $30,445$31,967$32,765$25,900$28,768$31,778$34,935$38,247$41,721$45,366
Cumulative Return $30,445$62,412$95,178$121,078$149,847$181,625$216,561$254,808$296,530$341,896
Investment Metrics
Cumulative ROI 50.0% 82.0% 71.9% 78.0% 91.9% 105.9% 120.1% 134.5% 149.0% 163.5%
Cash On Cash - - -1.1% -10.9% -9.9% -9.0% -8.1% -7.3% -6.5% -5.7%

Location of 913_1b_d_13-225 John St S unit 12c, Hamilton, ON, L8N 2C7

Demographic Information of 913_1b_d_13-225 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