Suite number:
PH16
Project:
Address:
North Vancouver, British Columbia
Developer:
Millennium Development
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2
Size:
1207 sqft
Occupancy Date:
Dec 2024
Price, CAD
$1,675,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
43.57%
Cumulative Return on Investment in Year 5
199.15%
Property Price at the End of Year 5
$2,159,000
Deposit Schedule
$20,000 at Signing
Total up to 10% in 7 days
$167,590
Net Gain (Loss)
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Property Price Appreciation
Investment Details (10-Year Period)
Income/Return
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| property price appreciation | $87,000 | $92,000 | $96,000 | $101,000 | $107,000 | $112,000 | $118,000 | $124,000 | $131,000 | $138,000 | $1,106,000 |
| rent income | $37,000 | $38,000 | $40,000 | $42,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $54,000 | $447,000 |
| mortgage principal reduction | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $258,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $149,000 | $152,000 | $159,000 | $167,000 | $175,000 | $184,000 | $193,000 | $202,000 | $212,000 | $223,000 | $1,816,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | $17,000 | $17,000 | $18,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $20,000 | $21,000 | $186,000 |
| mortgage payment | $84,000 | $84,000 | $84,000 | $84,000 | $84,000 | $84,000 | $84,000 | $84,000 | $84,000 | $84,000 | $839,000 |
| total expense investment | $101,000 | $101,000 | $101,000 | $102,000 | $102,000 | $103,000 | $103,000 | $104,000 | $104,000 | $105,000 | $1,025,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $49,000 | $51,000 | $58,000 | $65,000 | $73,000 | $81,000 | $90,000 | $99,000 | $108,000 | $118,000 | $791,000 |
| cumulative roi | $191 | $186 | $188 | $193 | $199 | $206 | $213 | $221 | $230 | $239 | $2,000 |
Millennium Central Lonsdale
Address: North Vancouver, British Columbia
Price Range: $1,300,000 - $1,800,000
Avail. suites: 10
2—3.5 bd
944—2693 SqFt