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$546,990

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

MLS® # PB305-SOUNDBITE

485 sqft

Property Features:

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

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

37.7%

Cumulative Market Appreciation

$151,123

Net Operating Income in Year 5

$563

Cash on Cash Return in Year 5

-16.1%

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
%
$
Mortgage Amount $437,592
Mortgage Payment
%
$2,270

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $488
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $490
Net Operating Income -$2
Debt Service
Mortgage Payment $2,270
Net Cash Flow -$2,272

Acquistion Costs

Deposit $68,372
Land Transfer Tax $7,414
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $41,026
Total Acquisition Costs $133,312

Deposit Schedule

With the Offer $5,500
Deposit @ 120 days $21,849
Deposit @ 0 days $13,674
Due on Occupancy $27,349
Total Deposit $68,372
Closing Date Jul 1, 2025

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $68,372 - - - - - - - - -
Closing Costs $64,940 - - - - - - - - -
Mortgage Paydown $3,364$6,970$7,305$7,656$8,024$8,409$8,814$9,237$9,681$10,147
Total $136,676$6,970$7,305$7,656$8,024$8,409$8,814$9,237$9,681$10,147
Cash Invested $136,676$143,646$150,951$158,607$166,632$175,042$183,856$193,094$202,775$212,923
Rental Cash Flows
Rent and other income $2,932$5,991$6,248$6,517$6,797$7,089$7,394$7,712$8,044$8,390
Operating Expenses -$2,945-$5,956-$6,088-$6,223-$6,361-$6,502-$6,647-$6,796-$6,948-$7,104
Mortgage Payment -$13,622-$27,245-$27,245-$27,245-$27,245-$27,245-$27,245-$27,245-$27,245-$27,245
Net Cash Flow -$13,636-$27,211-$27,085-$26,951-$26,809-$26,658-$26,498-$26,329-$26,149-$25,959
Returns
Property Price Appreciation $27,349$28,716$30,152$31,660$33,243$34,905$36,650$38,483$40,407$42,428
Mortgage Paydown $3,364$6,970$7,305$7,656$8,024$8,409$8,814$9,237$9,681$10,147
Net Cash Flow -$13,636-$27,211-$27,085-$26,951-$26,809-$26,658-$26,498-$26,329-$26,149-$25,959
Total Return $17,077$8,475$10,372$12,365$14,458$16,656$18,966$21,391$23,939$26,615
Cumulative Return $17,077$25,553$35,925$48,290$62,749$79,405$98,372$119,764$143,703$170,319
Investment Metrics
Cumulative ROI 12.5% 17.8% 23.8% 30.4% 37.7% 45.4% 53.5% 62.0% 70.9% 80.0%
Cash On Cash -10.0% -18.9% -17.9% -17.0% -16.1% -15.2% -14.4% -13.6% -12.9% -12.2%

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

Demographic Information of soundbite-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