Suite number:
Flint
Project:
Address:
Waterloo, Ontario
Developer:
HIP Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
722 sqft
Occupancy Date:
Jan 2023
Price, CAD
$460,000
Available
ROI
15,42%
Monthly Expenses
- condo fees— $303
- property taxes— $115
- property management— $87
- repairs and maintenance— $43
Total: $548
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
31.99%
Cumulative Return on Investment in Year 5
155.18%
Property Price at the End of Year 5
$593,000
Deposit Schedule
$10,000 at Signing
Total up to 20% in 9999 days
$92,000
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 | $24,000 | $25,000 | $26,000 | $28,000 | $29,000 | $31,000 | $32,000 | $34,000 | $36,000 | $38,000 | $304,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $18,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $90,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $42,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $393,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $230,000 |
| total expense investment | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $230,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $19,000 | $9,000 | $10,000 | $12,000 | $14,000 | $16,000 | $18,000 | $20,000 | $22,000 | $24,000 | $163,000 |
| cumulative roi | $181 | $160 | $155 | $154 | $155 | $157 | $160 | $163 | $167 | $171 | $2,000 |
The Flats at Rainbow Lake
Address: Waterloo, Ontario
Price Range: $420,000 - $610,000
Avail. suites: 11
1—2 bd
654—1065 SqFt
Proforma Calculator
80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.