Suite number:

Driftwood (Tower)

Project:
Address:
Hamilton, Ontario
Developer:
Rosehaven Homes
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
517 sqft
Occupancy Date:
Mar 2030
Price, CAD
$597,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5

386.00%

Cumulative Return on Investment in Year 5

1749.97%

Property Price at the End of Year 5

$770,000

Deposit Schedule
$10,000 at Signing
Net Gain (Loss)
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Property Price Appreciation
Investment Details (10-Year Period)
Income/Return
CategoryY1Y2Y3Y4Y5Y6Y7Y8Y9Y10Total
property price appreciation$31,000$33,000$34,000$36,000$38,000$40,000$42,000$44,000$47,000$49,000$395,000
rent income-----$8,000$9,000$9,000$9,000$10,000$44,000
mortgage principal reduction-----$7,000$8,000$8,000$8,000$9,000$40,000
deposit interest$515$520$520$520$520$36----$3,000
gst hst rebate-----$24,000----$24,000
total income return$32,000$33,000$35,000$37,000$39,000$78,000$58,000$61,000$65,000$68,000$506,000
Expense/ Investment
CategoryY1Y2Y3Y4Y5Y6Y7Y8Y9Y10Total
deposit$10,000---------$10,000
remaining balance payment-----$110,000----$110,000
closing cost-----$49,000----$49,000
operating expense-----$6,000$7,000$7,000$7,000$7,000$35,000
mortgage payment-----$27,000$30,000$30,000$30,000$30,000$147,000
total expense investment$10,000----$192,000$37,000$37,000$37,000$37,000$351,000
Other
CategoryY1Y2Y3Y4Y5Y6Y7Y8Y9Y10Total
net gain loss$22,000$33,000$35,000$37,000$39,000-$113,792$22,000$24,000$27,000$30,000$155,000
cumulative roi$315$647$997$1,000$2,000$130$136$142$147$153$6,000
The Rebecca
Address: Hamilton, Ontario
Price Range: $535,000 - $825,000
Avail. suites: 48
1—2 bd
425—788 SqFt