Suite number:
2903
Project:
Address:
Burnaby, British Columbia
Developer:
IMANI Development
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
720 sqft
Occupancy Date:
Oct 2023
Price, CAD
$879,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
35.32%
Cumulative Return on Investment in Year 5
167.30%
Property Price at the End of Year 5
$1,134,000
Deposit Schedule
Total up to 10% in 7 days
$87,990
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 | $46,000 | $48,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $581,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $26,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $169,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $72,000 | $62,000 | $65,000 | $68,000 | $71,000 | $75,000 | $78,000 | $82,000 | $86,000 | $91,000 | $750,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $403,000 |
| total expense investment | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $403,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $32,000 | $21,000 | $24,000 | $28,000 | $31,000 | $34,000 | $38,000 | $42,000 | $46,000 | $50,000 | $347,000 |
| cumulative roi | $179 | $166 | $164 | $165 | $167 | $170 | $174 | $178 | $182 | $186 | $2,000 |
Akimbo
Address: Burnaby, British Columbia
Price Range: $690,000 - $3,200,000
Avail. suites: 9
1—3.5 bd
535—2050 SqFt