Suite number:
Suite 306
Project:
Address:
Sidney, British Columbia
Developer:
Mike Geric Construction
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1201 sqft
Occupancy Date:
Dec 2024
$1,299,000
Available
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.28%
Cumulative Return on Investment in Year 5
102.18%
Property Price at the End of Year 5
$1,674,000
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 | $67,000 | $71,000 | $75,000 | $79,000 | $83,000 | $87,000 | $92,000 | $96,000 | $101,000 | $107,000 | $857,000 |
rent income | $32,000 | $37,000 | $38,000 | $40,000 | $41,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $423,000 |
mortgage principal reduction | $17,000 | $19,000 | $20,000 | $21,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $218,000 |
deposit interest | $537 | - | - | - | - | - | - | - | - | - | $537 |
gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
total income return | $122,000 | $127,000 | $133,000 | $139,000 | $146,000 | $153,000 | $160,000 | $167,000 | $175,000 | $184,000 | $1,504,000 |
Expense/ Investment
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
deposit | $130,000 | - | - | - | - | - | - | - | - | - | $130,000 |
remaining balance payment | $130,000 | - | - | - | - | - | - | - | - | - | $130,000 |
closing cost | $44,000 | - | - | - | - | - | - | - | - | - | $44,000 |
operating expense | $11,000 | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $137,000 |
mortgage payment | $55,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $590,000 |
total expense investment | $369,000 | $72,000 | $72,000 | $73,000 | $73,000 | $73,000 | $74,000 | $74,000 | $75,000 | $75,000 | $1,031,000 |
Other
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
net gain loss | -$247,417 | $55,000 | $60,000 | $66,000 | $73,000 | $79,000 | $86,000 | $93,000 | $101,000 | $108,000 | $474,000 |
cumulative roi | $27 | $49 | $68 | $86 | $102 | $118 | $133 | $148 | $164 | $179 | $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