Suite number:
Suite 306
Project:
Address:
Sidney, British Columbia
Developer:
Mike Geric Construction
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2
Size:
1201 sqft
Occupancy Date:
Dec 2024
Price, CAD
$1,299,000
Available
ROI
29,09%
Monthly Expenses
- condo fees— $396
- property taxes— $325
- property management— $180
- repairs and maintenance— $90
Total: $991
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Investment Period: 5 years
Yearly Return on Investment in Year 5
54.68%
Cumulative Return on Investment in Year 5
250.53%
Property Price at the End of Year 5
$1,674,000
Deposit Schedule
$10 at Signing
Net Gain (Loss)
- Net Gain Loss
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Property Price Appreciation
- 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 | $67,000 | $71,000 | $75,000 | $79,000 | $83,000 | $87,000 | $92,000 | $96,000 | $101,000 | $107,000 | $857,000 |
| rent income | $37,000 | $38,000 | $40,000 | $41,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $53,000 | $445,000 |
| mortgage principal reduction | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $25,000 | $200,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $125,000 | $126,000 | $132,000 | $139,000 | $145,000 | $152,000 | $160,000 | $168,000 | $176,000 | $184,000 | $1,507,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | $12,000 | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $136,000 |
| mortgage payment | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $651,000 |
| total expense investment | $77,000 | $78,000 | $78,000 | $78,000 | $78,000 | $79,000 | $79,000 | $79,000 | $80,000 | $80,000 | $786,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $48,000 | $48,000 | $54,000 | $60,000 | $67,000 | $74,000 | $81,000 | $88,000 | $96,000 | $104,000 | $721,000 |
| cumulative roi | $237 | $230 | $234 | $241 | $251 | $261 | $272 | $285 | $299 | $314 | $3,000 |
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
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80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.