Suite number:
C8
Project:
Address:
Penticton, British Columbia
Developer:
Kerkhoff Develop-Build
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
1.5
Size:
700 sqft
Occupancy Date:
Jun 2028
Price, CAD
$624,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
29.45%
Cumulative Return on Investment in Year 5
131.67%
Property Price at the End of Year 5
$805,000
Deposit Schedule
Total up to 10% in 7 days
$62,490
5% on Occupancy
$31,245
Net Gain (Loss)
Get Expert Advice
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 | - | - | - | $12,000 | $25,000 | $26,000 | $27,000 | $28,000 | $30,000 | $31,000 | $179,000 |
| mortgage principal reduction | - | - | - | $4,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $57,000 |
| deposit interest | $4,000 | $5,000 | $5,000 | $2,000 | - | - | - | - | - | - | $16,000 |
| gst hst rebate | - | - | - | $5,000 | - | - | - | - | - | - | $5,000 |
| total income return | $37,000 | $39,000 | $41,000 | $61,000 | $73,000 | $76,000 | $80,000 | $84,000 | $88,000 | $92,000 | $670,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $94,000 | - | - | - | - | - | - | - | - | - | $94,000 |
| remaining balance payment | - | - | - | $31,000 | - | - | - | - | - | - | $31,000 |
| closing cost | - | - | - | $32,000 | - | - | - | - | - | - | $32,000 |
| operating expense | - | - | - | $4,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $59,000 |
| mortgage payment | - | - | - | $16,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $203,000 |
| total expense investment | $94,000 | - | - | $83,000 | $40,000 | $40,000 | $40,000 | $41,000 | $41,000 | $41,000 | $420,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$56,865 | $39,000 | $41,000 | -$22,134 | $33,000 | $36,000 | $40,000 | $43,000 | $47,000 | $51,000 | $251,000 |
| cumulative roi | $39 | $81 | $125 | $113 | $132 | $150 | $167 | $184 | $202 | $220 | $1,000 |
Sokana
Address: Penticton, British Columbia
Price Range: $400,000 - $887,000
Avail. suites: 17
0—3 bd
398—980 SqFt