Suite number:
3B (Podium)
Project:
Address:
Mississauga, Ontario
Developer:
Marlin Spring Developments
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
3
Size:
851 sqft
Occupancy Date:
Jan 2027
Price, CAD
$1,162,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.04%
Cumulative Return on Investment in Year 5
101.52%
Property Price at the End of Year 5
$1,498,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$58,150
5% in 360 days
$58,150
0% in 687 days
$1,000
5% on Occupancy
$58,150
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 | $60,000 | $64,000 | $67,000 | $70,000 | $74,000 | $78,000 | $82,000 | $86,000 | $91,000 | $95,000 | $768,000 |
| rent income | - | $2,000 | $30,000 | $31,000 | $32,000 | $34,000 | $35,000 | $37,000 | $38,000 | $40,000 | $280,000 |
| mortgage principal reduction | - | $1,000 | $14,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $20,000 | $138,000 |
| deposit interest | $3,000 | $6,000 | - | - | - | - | - | - | - | - | $8,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $63,000 | $73,000 | $135,000 | $117,000 | $122,000 | $128,000 | $135,000 | $141,000 | $148,000 | $156,000 | $1,218,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $116,000 | $59,000 | - | - | - | - | - | - | - | - | $175,000 |
| remaining balance payment | - | $57,000 | - | - | - | - | - | - | - | - | $57,000 |
| closing cost | - | $60,000 | - | - | - | - | - | - | - | - | $60,000 |
| operating expense | - | $1,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $15,000 | $16,000 | $16,000 | $120,000 |
| mortgage payment | - | $5,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $471,000 |
| total expense investment | $116,000 | $183,000 | $72,000 | $72,000 | $73,000 | $73,000 | $73,000 | $74,000 | $74,000 | $74,000 | $884,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$53,169 | -$109,763 | $63,000 | $44,000 | $50,000 | $55,000 | $61,000 | $68,000 | $74,000 | $81,000 | $334,000 |
| cumulative roi | $54 | $46 | $73 | $88 | $102 | $114 | $125 | $137 | $148 | $158 | $1,000 |
Above Condos
Address: Mississauga, Ontario
Price Range: $600,000 - $1,376,000
Avail. suites: 23
0—3 bd
338—1319 SqFt