Suite number:
1003 - ST-0-03
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
0
Size:
363 sqft
Occupancy Date:
Mar 2028
Price, CAD
$386,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
19.67%
Cumulative Return on Investment in Year 5
99.82%
Property Price at the End of Year 5
$498,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$19,345
2.5% in 90 days
$9,673
2.5% in 150 days
$9,673
2.5% in 720 days
$9,673
2.5% in 1095 days
$9,673
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 | $20,000 | $21,000 | $22,000 | $23,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $255,000 |
| rent income | - | - | - | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $34,000 |
| mortgage principal reduction | - | - | - | $4,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $38,000 |
| deposit interest | -$1,383 | $3,000 | $3,000 | $2,000 | - | - | - | - | - | - | $6,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $19,000 | $24,000 | $25,000 | $57,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $357,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $39,000 | $10,000 | - | $29,000 | - | - | - | - | - | - | $77,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $45,000 | - | - | - | - | - | - | $45,000 |
| operating expense | - | - | - | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $33,000 |
| mortgage payment | - | - | - | $16,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $132,000 |
| total expense investment | $39,000 | $10,000 | - | $94,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $25,000 | $288,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$20,011 | $14,000 | $25,000 | -$36,954 | $10,000 | $12,000 | $13,000 | $15,000 | $17,000 | $19,000 | $69,000 |
| cumulative roi | $52 | $88 | $140 | $92 | $100 | $107 | $113 | $119 | $125 | $131 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $330,000 - $799,000
Avail. suites: 24
0—2.5 bd
302—864 SqFt