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$563,990

The Rebecca - 71 Rebecca St - devonshire_podium - Hamilton, ON, L8R 1B6

MLS® # PB1088-DEVONSHIRE_PODIUM

1.0 Beds

1 Bath

505 sqft

Devonshire_Podium - The Rebecca by Rosehaven Homes

Property Features:

  • Bedrooms: 1.0
  • Bathrooms: 1.0
  • Floor Space (approx): 505

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

76.1%

Cumulative Market Appreciation

$155,820

Net Operating Income in Year 5

$2,433

Cash on Cash Return in Year 5

-17.4%

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
%
$112,797
Mortgage Amount $451,193
Mortgage Payment
%
$2,341

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $675
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $551
Net Operating Income $124
Debt Service
Mortgage Payment $2,341
Net Cash Flow -$2,216

Acquistion Costs

Deposit $112,797
Land Transfer Tax $7,754
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $0
Total Acquisition Costs $137,051

Deposit Schedule

With the Offer $10,000
Deposit @ 30 days $18,199
Deposit @ 0 days $28,199
Due on Occupancy $56,399
Total Deposit $112,797
Closing Date Mar 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $56,398 - $56,399 - - - - - - -
Closing Costs - - $24,254 - - - - - - -
Mortgage Paydown - - $572$7,047$7,386$7,741$8,113$8,503$8,912$9,340
Total $56,398$0$81,225$7,047$7,386$7,741$8,113$8,503$8,912$9,340
Cash Invested $56,398$56,398$137,623$144,671$152,057$159,798$167,912$176,415$185,327$194,668
Rental Cash Flows
Rent and other income - - $675$8,139$8,489$8,854$9,234$9,632$10,046$10,478
Operating Expenses - - -$551-$6,631-$6,781-$6,934-$7,092-$7,253-$7,419-$7,588
Mortgage Payment - - -$2,341-$28,092-$28,092-$28,092-$28,092-$28,092-$28,092-$28,092
Net Cash Flow - - -$2,216-$26,584-$26,384-$26,173-$25,949-$25,714-$25,465-$25,203
Returns
Property Price Appreciation $28,199$29,609$31,089$32,644$34,276$35,990$37,790$39,679$41,663$43,746
Mortgage Paydown - - $572$7,047$7,386$7,741$8,113$8,503$8,912$9,340
Net Cash Flow - - -$2,216-$26,584-$26,384-$26,173-$25,949-$25,714-$25,465-$25,203
Total Return $28,199$29,609$29,445$13,107$15,278$17,558$19,953$22,468$25,110$27,884
Cumulative Return $28,199$57,808$87,254$100,361$115,640$133,198$153,152$175,620$200,731$228,615
Investment Metrics
Cumulative ROI 50.0% 102.5% 63.4% 69.4% 76.1% 83.4% 91.2% 99.5% 108.3% 117.4%
Cash On Cash - - -1.6% -18.4% -17.4% -16.4% -15.5% -14.6% -13.7% -12.9%

Location of devonshire_podium-71 Rebecca St, Hamilton, ON, L8R 1B6

Demographic Information of devonshire_podium-71 Rebecca St, Hamilton, ON, L8R 1B6

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$73,201.28

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.13 %

High school certificate or equivalent

24.75 %

Apprenticeship trade certificate/diploma

5.1 %

College/non-university certificate

19.47 %

University certificate (below bachelor)

2.04 %

University Degree

31.51 %

Commuter

Travel To Work

By Car

49.2 %

By Public Transit

29.59 %

By Walking

14.87 %

By Bicycle

0.89 %

By Other Methods

5.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

93.7 %

Houses

6.3 %

Own Vs. Rent