Suite number:
Devonshire (Podium)
Project:
Address:
Hamilton, Ontario
Developer:
Rosehaven Homes
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
505 sqft
Occupancy Date:
Mar 2028
Price, CAD
$563,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
21.44%
Cumulative Return on Investment in Year 5
103.58%
Property Price at the End of Year 5
$727,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$28,200
5% in 139 days
$28,200
10% on Occupancy
$56,399
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 | $29,000 | $31,000 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $372,000 |
| rent income | - | - | - | $7,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $64,000 |
| mortgage principal reduction | - | - | - | $6,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $56,000 |
| deposit interest | $2,000 | $3,000 | $3,000 | $209 | - | - | - | - | - | - | $8,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $34,000 | $35,000 | $72,000 | $52,000 | $54,000 | $57,000 | $60,000 | $63,000 | $66,000 | $524,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $56,000 | - | - | $56,000 | - | - | - | - | - | - | $113,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $49,000 |
| mortgage payment | - | - | - | $26,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $195,000 |
| total expense investment | $56,000 | - | - | $137,000 | $35,000 | $35,000 | $35,000 | $35,000 | $36,000 | $36,000 | $405,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$24,789 | $34,000 | $35,000 | -$64,459 | $17,000 | $19,000 | $22,000 | $24,000 | $27,000 | $30,000 | $119,000 |
| cumulative roi | $56 | $116 | $179 | $95 | $104 | $112 | $119 | $126 | $133 | $139 | $1,000 |
The Rebecca
Address: Hamilton, Ontario
Price Range: $535,000 - $825,000
Avail. suites: 48
1—2 bd
425—788 SqFt