Suite number:
Suite 208
Project:
Address:
Sidney, British Columbia
Developer:
Mike Geric Construction
Property type:
condo
Bathrooms:
2
Bedrooms:
2.5
Size:
1105 sqft
Occupancy Date:
Dec 2024
Price, CAD
$929,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
26.69%
Cumulative Return on Investment in Year 5
122.92%
Property Price at the End of Year 5
$1,197,000
Deposit Schedule
$10 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 | $48,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $613,000 |
| rent income | $36,000 | $40,000 | $42,000 | $44,000 | $46,000 | $48,000 | $50,000 | $52,000 | $54,000 | $56,000 | $467,000 |
| mortgage principal reduction | $12,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $156,000 |
| deposit interest | $384 | - | - | - | - | - | - | - | - | - | $384 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $101,000 | $105,000 | $110,000 | $115,000 | $120,000 | $126,000 | $132,000 | $138,000 | $145,000 | $151,000 | $1,242,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $93,000 | - | - | - | - | - | - | - | - | - | $93,000 |
| remaining balance payment | $93,000 | - | - | - | - | - | - | - | - | - | $93,000 |
| closing cost | $37,000 | - | - | - | - | - | - | - | - | - | $37,000 |
| operating expense | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $124,000 |
| mortgage payment | $39,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $422,000 |
| total expense investment | $271,000 | $54,000 | $54,000 | $54,000 | $55,000 | $55,000 | $56,000 | $56,000 | $56,000 | $57,000 | $768,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$170,173 | $51,000 | $56,000 | $60,000 | $65,000 | $71,000 | $76,000 | $82,000 | $88,000 | $94,000 | $474,000 |
| cumulative roi | $28 | $53 | $76 | $99 | $123 | $147 | $172 | $199 | $228 | $259 | $1,000 |
The Rise on Fifth
Address: Sidney, British Columbia
Price Range: $549,000 - $2,299,000
Avail. suites: 20
1—3.5 bd
567—1391 SqFt