Suite number:
C-479
Project:
Address:
Mississauga, Ontario
Developer:
Urban Capital
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
479 sqft
Occupancy Date:
Jan 2029
Price, CAD
$624,900
Available
ROI
16,47%
Monthly Expenses
- condo fees— $331
- property taxes— $156
- property management— $86
- repairs and maintenance— $43
Total: $616
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
38.98%
Cumulative Return on Investment in Year 5
121.85%
Property Price at the End of Year 5
$805,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$31,245
2.5% in 125 days
$15,623
2.5% in 270 days
$15,623
2.5% in 292 days
$15,623
2.5% in 760 days
$15,623
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 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $49,000 | $51,000 | $412,000 |
| rent income | - | - | - | - | $15,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $110,000 |
| mortgage principal reduction | - | - | - | - | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $51,000 |
| deposit interest | -$4,289 | $4,000 | $6,000 | $5,000 | $120 | - | - | - | - | - | $11,000 |
| gst hst rebate | - | - | - | - | $24,000 | - | - | - | - | - | $24,000 |
| total income return | $28,000 | $38,000 | $42,000 | $43,000 | $86,000 | $67,000 | $71,000 | $74,000 | $78,000 | $82,000 | $609,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $78,000 | - | $16,000 | - | $31,000 | - | - | - | - | - | $125,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | $49,000 | - | - | - | - | - | $49,000 |
| operating expense | - | - | - | - | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $46,000 |
| mortgage payment | - | - | - | - | $29,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $185,000 |
| total expense investment | $78,000 | - | $16,000 | - | $116,000 | $39,000 | $39,000 | $39,000 | $39,000 | $40,000 | $406,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$50,000 | $38,000 | $26,000 | $43,000 | -$29,877 | $28,000 | $32,000 | $35,000 | $38,000 | $42,000 | $203,000 |
| cumulative roi | $41 | $85 | $115 | $161 | $122 | $134 | $144 | $155 | $165 | $176 | $1,000 |
M6 Condos
Address: Mississauga, Ontario
Price Range: $441,000 - $1,064,000
Avail. suites: 50
0—3.5 bd
271—989 SqFt
Proforma Calculator
80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.