Suite number:
1129 - CC9 NH1
Project:
Address:
Richmond, British Columbia
Developer:
Cadillac Fairview Corporation
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2.5
Size:
1192 sqft
Occupancy Date:
Jan 2025
Status
This property is sold
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.52%
Cumulative Return on Investment in Year 5
93.78%
Property Price at the End of Year 5
$1,797,000
Deposit Schedule
$8 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 | $72,000 | $76,000 | $80,000 | $84,000 | $89,000 | $93,000 | $98,000 | $103,000 | $109,000 | $114,000 | $921,000 |
| rent income | $38,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $54,000 | $56,000 | $58,000 | $61,000 | $504,000 |
| mortgage principal reduction | $16,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $213,000 |
| deposit interest | $477 | - | - | - | - | - | - | - | - | - | $477 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $132,000 | $138,000 | $145,000 | $152,000 | $159,000 | $167,000 | $175,000 | $183,000 | $192,000 | $202,000 | $1,643,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $112,000 | - | - | - | - | - | - | - | - | - | $112,000 |
| remaining balance payment | $167,000 | - | - | - | - | - | - | - | - | - | $167,000 |
| closing cost | $47,000 | - | - | - | - | - | - | - | - | - | $47,000 |
| operating expense | $16,000 | $18,000 | $19,000 | $19,000 | $20,000 | $20,000 | $21,000 | $21,000 | $22,000 | $22,000 | $198,000 |
| mortgage payment | $64,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $70,000 | $693,000 |
| total expense investment | $407,000 | $88,000 | $89,000 | $89,000 | $89,000 | $90,000 | $90,000 | $91,000 | $91,000 | $92,000 | $1,217,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$274,985 | $50,000 | $56,000 | $63,000 | $69,000 | $77,000 | $84,000 | $92,000 | $101,000 | $110,000 | $427,000 |
| cumulative roi | $26 | $46 | $63 | $79 | $94 | $108 | $121 | $134 | $147 | $161 | $979 |
RC at CF Richmond Centre
Address: Richmond, British Columbia
Price Range: $759,000 - $1,580,000
Avail. suites: 5
0—4 bd
489—1586 SqFt