Suite number:
Suite 209
Project:
Address:
Sidney, British Columbia
Developer:
Mike Geric Construction
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1205 sqft
Occupancy Date:
Dec 2024
Price, CAD
$1,099,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
23.46%
Cumulative Return on Investment in Year 5
107.78%
Property Price at the End of Year 5
$1,416,000
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 | $57,000 | $60,000 | $63,000 | $67,000 | $70,000 | $74,000 | $77,000 | $81,000 | $86,000 | $90,000 | $725,000 |
| rent income | $32,000 | $37,000 | $38,000 | $40,000 | $42,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $425,000 |
| mortgage principal reduction | $14,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $20,000 | $20,000 | $21,000 | $22,000 | $185,000 |
| deposit interest | $454 | - | - | - | - | - | - | - | - | - | $454 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $109,000 | $113,000 | $118,000 | $124,000 | $130,000 | $136,000 | $142,000 | $149,000 | $156,000 | $164,000 | $1,340,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $110,000 | - | - | - | - | - | - | - | - | - | $110,000 |
| remaining balance payment | $110,000 | - | - | - | - | - | - | - | - | - | $110,000 |
| closing cost | $40,000 | - | - | - | - | - | - | - | - | - | $40,000 |
| operating expense | $10,000 | $12,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $130,000 |
| mortgage payment | $46,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $499,000 |
| total expense investment | $316,000 | $62,000 | $62,000 | $63,000 | $63,000 | $64,000 | $64,000 | $65,000 | $65,000 | $65,000 | $889,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$207,413 | $51,000 | $56,000 | $61,000 | $66,000 | $72,000 | $78,000 | $85,000 | $91,000 | $98,000 | $451,000 |
| cumulative roi | $27 | $50 | $70 | $89 | $108 | $126 | $143 | $161 | $179 | $198 | $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