Suite number:
Serenity
Project:
Address:
Mississauga, Ontario
Developer:
Kingsmen Group Inc.
Property type:
condo
Bathrooms:
2.5
Bedrooms:
2
Size:
1250 sqft
Occupancy Date:
Sep 2022
Price, CAD
$877,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
33.18%
Cumulative Return on Investment in Year 5
162.40%
Property Price at the End of Year 5
$1,131,000
Deposit Schedule
$5 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 | $46,000 | $48,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $68,000 | $72,000 | $579,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $38,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $179,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $83,000 | $61,000 | $64,000 | $67,000 | $71,000 | $74,000 | $78,000 | $82,000 | $86,000 | $91,000 | $759,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $427,000 |
| total expense investment | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $427,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $41,000 | $18,000 | $21,000 | $25,000 | $28,000 | $32,000 | $36,000 | $39,000 | $44,000 | $48,000 | $332,000 |
| cumulative roi | $195 | $169 | $163 | $162 | $162 | $164 | $167 | $170 | $174 | $178 | $2,000 |
Rise at Stride Condos
Address: Mississauga, Ontario
Price Range: $878,000 - $1,137,000
Avail. suites: 6
1—3 bd
735—1567 SqFt