Suite number:
B7 (Tower)
Project:
Address:
Mississauga, Ontario
Developer:
Marlin Spring Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
481 sqft
Occupancy Date:
Jan 2027
Price, CAD
$618,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
19.28%
Cumulative Return on Investment in Year 5
93.36%
Property Price at the End of Year 5
$797,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$30,950
5% in 360 days
$30,950
0% in 687 days
$1,000
5% on Occupancy
$30,950
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 | $32,000 | $34,000 | $36,000 | $37,000 | $39,000 | $41,000 | $44,000 | $46,000 | $48,000 | $51,000 | $409,000 |
| rent income | - | $938 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $106,000 |
| mortgage principal reduction | - | $623 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $73,000 |
| deposit interest | $2,000 | $3,000 | - | - | - | - | - | - | - | - | $4,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $38,000 | $79,000 | $57,000 | $60,000 | $63,000 | $66,000 | $70,000 | $73,000 | $77,000 | $617,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $62,000 | $32,000 | - | - | - | - | - | - | - | - | $94,000 |
| remaining balance payment | - | $30,000 | - | - | - | - | - | - | - | - | $30,000 |
| closing cost | - | $49,000 | - | - | - | - | - | - | - | - | $49,000 |
| operating expense | - | $592 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $62,000 |
| mortgage payment | - | $3,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $251,000 |
| total expense investment | $62,000 | $114,000 | $38,000 | $38,000 | $38,000 | $39,000 | $39,000 | $39,000 | $39,000 | $39,000 | $486,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$28,279 | -$76,078 | $40,000 | $19,000 | $22,000 | $25,000 | $27,000 | $31,000 | $34,000 | $37,000 | $131,000 |
| cumulative roi | $54 | $42 | $71 | $83 | $93 | $103 | $112 | $120 | $129 | $137 | $943 |
Above Condos
Address: Mississauga, Ontario
Price Range: $600,000 - $1,376,000
Avail. suites: 23
0—3 bd
338—1319 SqFt