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$769,990

Bravo Condos - 1 Commerce St - valencia_624_encore - Vaughan, ON, L4K 5C3

MLS® # PB1063-VALENCIA_624_ENCO

2.0 Beds

1 Bath

624 sqft

Valencia_624_Encore - Bravo Condos by Menkes Developments Ltd.

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 1.0
  • Floor Space (approx): 624

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

103.0%

Cumulative Market Appreciation

$212,734

Net Operating Income in Year 5

$11,365

Cash on Cash Return in Year 5

-12.9%

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
%
$153,998
Mortgage Amount $615,992
Mortgage Payment
%
$3,196

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,521
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $787
Net Operating Income $733
Debt Service
Mortgage Payment $3,196
Net Cash Flow -$2,463

Acquistion Costs

Deposit $153,994
Land Transfer Tax $11,874
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $4
Total Acquisition Costs $182,372

Deposit Schedule

With the Offer $12,000
Deposit @ 30 days $26,499
Deposit @ 180 days $19,249
Deposit @ 360 days $19,249
Deposit @ 600 days $19,249
Deposit @ 750 days $19,249
Due on Occupancy $38,499
Total Deposit $153,994
Closing Date Jun 1, 2029

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $76,997$19,249$19,249 - $38,499 - - - - -
Closing Costs - - - - $28,378 - - - - -
Mortgage Paydown - - - - $7,955$9,966$10,445$10,947$11,473$12,025
Total $76,997$19,249$19,249$0$74,832$9,966$10,445$10,947$11,473$12,025
Cash Invested $76,997$96,246$115,495$115,495$190,327$200,293$210,739$221,687$233,160$245,186
Rental Cash Flows
Rent and other income - - - - $15,210$18,906$19,718$20,566$21,451$22,373
Operating Expenses - - - - -$7,879-$9,644-$9,877-$10,117-$10,363-$10,616
Mortgage Payment - - - - -$31,961-$38,353-$38,353-$38,353-$38,353-$38,353
Net Cash Flow - - - - -$24,630-$29,092-$28,512-$27,903-$27,265-$26,595
Returns
Property Price Appreciation $38,499$40,424$42,445$44,567$46,796$49,136$51,593$54,172$56,881$59,725
Mortgage Paydown - - - - $7,955$9,966$10,445$10,947$11,473$12,025
Net Cash Flow - - - - -$24,630-$29,092-$28,512-$27,903-$27,265-$26,595
Total Return $38,499$40,424$42,445$44,567$30,121$30,010$33,526$37,216$41,089$45,154
Cumulative Return $38,499$78,923$121,369$165,937$196,059$226,069$259,595$296,811$337,901$383,056
Investment Metrics
Cumulative ROI 50.0% 82.0% 105.1% 143.7% 103.0% 112.9% 123.2% 133.9% 144.9% 156.2%
Cash On Cash - - - - -12.9% -14.5% -13.5% -12.6% -11.7% -10.8%

Location of valencia_624_encore-1 Commerce St, Vaughan, ON, L4K 5C3

Demographic Information of valencia_624_encore-1 Commerce St, Vaughan, ON, L4K 5C3

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$107,186.32

Average Number of Children

1.51

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.77 %

High school certificate or equivalent

23.69 %

Apprenticeship trade certificate/diploma

4.26 %

College/non-university certificate

18.57 %

University certificate (below bachelor)

2.75 %

University Degree

40.96 %

Commuter

Travel To Work

By Car

76.48 %

By Public Transit

18.45 %

By Walking

3.35 %

By Bicycle

0.0 %

By Other Methods

1.72 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

71.44 %

Houses

28.56 %

Own Vs. Rent