Suite number:
Suite 107
Project:
Address:
Sidney, British Columbia
Developer:
Mike Geric Construction
Property type:
condo
Bathrooms:
2
Bedrooms:
3.5
Size:
1391 sqft
Occupancy Date:
Dec 2024
Price, CAD
$1,119,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
26.12%
Cumulative Return on Investment in Year 5
119.81%
Property Price at the End of Year 5
$1,442,000
Deposit Schedule
$10 at Signing
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 | $58,000 | $61,000 | $64,000 | $68,000 | $71,000 | $75,000 | $79,000 | $83,000 | $87,000 | $92,000 | $738,000 |
| rent income | $45,000 | $51,000 | $53,000 | $55,000 | $58,000 | $60,000 | $63,000 | $65,000 | $68,000 | $71,000 | $588,000 |
| mortgage principal reduction | $13,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $176,000 |
| deposit interest | $462 | - | - | - | - | - | - | - | - | - | $462 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $121,000 | $127,000 | $133,000 | $139,000 | $146,000 | $153,000 | $160,000 | $168,000 | $176,000 | $184,000 | $1,509,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $112,000 | - | - | - | - | - | - | - | - | - | $112,000 |
| remaining balance payment | $112,000 | - | - | - | - | - | - | - | - | - | $112,000 |
| closing cost | $40,000 | - | - | - | - | - | - | - | - | - | $40,000 |
| operating expense | $12,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $154,000 |
| mortgage payment | $50,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $540,000 |
| total expense investment | $326,000 | $68,000 | $69,000 | $69,000 | $70,000 | $70,000 | $71,000 | $71,000 | $72,000 | $72,000 | $958,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$204,879 | $59,000 | $64,000 | $70,000 | $76,000 | $83,000 | $90,000 | $97,000 | $104,000 | $112,000 | $551,000 |
| cumulative roi | $27 | $52 | $75 | $97 | $120 | $143 | $167 | $193 | $220 | $251 | $1,000 |
The Rise on Fifth
Address: Sidney, British Columbia
Price Range: $549,000 - $2,299,000
Avail. suites: 20
1—3.5 bd
567—1391 SqFt