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 2030
Price, CAD
$563,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
364.35%
Cumulative Return on Investment in Year 5
1651.94%
Property Price at the End of Year 5
$727,000
Deposit Schedule
$10,000 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 | $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 | $43,000 |
| mortgage principal reduction | - | - | - | - | - | $6,000 | $7,000 | $8,000 | $8,000 | $8,000 | $38,000 |
| deposit interest | $515 | $520 | $520 | $520 | $520 | $36 | - | - | - | - | $3,000 |
| gst hst rebate | - | - | - | - | - | $24,000 | - | - | - | - | $24,000 |
| total income return | $30,000 | $31,000 | $33,000 | $35,000 | $36,000 | $76,000 | $55,000 | $58,000 | $61,000 | $64,000 | $480,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $10,000 | - | - | - | - | - | - | - | - | - | $10,000 |
| remaining balance payment | - | - | - | - | - | $103,000 | - | - | - | - | $103,000 |
| closing cost | - | - | - | - | - | $48,000 | - | - | - | - | $48,000 |
| operating expense | - | - | - | - | - | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $34,000 |
| mortgage payment | - | - | - | - | - | $26,000 | $28,000 | $28,000 | $28,000 | $28,000 | $139,000 |
| total expense investment | $10,000 | - | - | - | - | $183,000 | $35,000 | $35,000 | $35,000 | $35,000 | $334,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $20,000 | $31,000 | $33,000 | $35,000 | $36,000 | -$107,388 | $20,000 | $23,000 | $26,000 | $29,000 | $146,000 |
| cumulative roi | $298 | $611 | $941 | $1,000 | $2,000 | $129 | $135 | $141 | $147 | $153 | $5,000 |
The Rebecca
Address: Hamilton, Ontario
Price Range: $535,000 - $825,000
Avail. suites: 48
1—2 bd
425—788 SqFt