Suite number:
A4-08
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
913 sqft
Occupancy Date:
Jan 2025
Price, CAD
$869,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.06%
Cumulative Return on Investment in Year 5
92.16%
Property Price at the End of Year 5
$1,121,000
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 | $45,000 | $48,000 | $50,000 | $53,000 | $55,000 | $58,000 | $61,000 | $65,000 | $68,000 | $71,000 | $574,000 |
| rent income | $19,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $30,000 | $32,000 | $33,000 | $271,000 |
| mortgage principal reduction | $9,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $136,000 |
| deposit interest | $657 | - | - | - | - | - | - | - | - | - | $657 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $79,000 | $83,000 | $87,000 | $91,000 | $95,000 | $100,000 | $105,000 | $110,000 | $115,000 | $121,000 | $987,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $87,000 | - | - | - | - | - | - | - | - | - | $87,000 |
| remaining balance payment | $87,000 | - | - | - | - | - | - | - | - | - | $87,000 |
| closing cost | $35,000 | - | - | - | - | - | - | - | - | - | $35,000 |
| operating expense | $8,000 | $10,000 | $11,000 | $11,000 | $11,000 | $12,000 | $12,000 | $12,000 | $13,000 | $13,000 | $113,000 |
| mortgage payment | $35,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $416,000 |
| total expense investment | $253,000 | $53,000 | $53,000 | $53,000 | $54,000 | $54,000 | $54,000 | $55,000 | $55,000 | $55,000 | $738,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$173,925 | $30,000 | $34,000 | $38,000 | $42,000 | $46,000 | $51,000 | $55,000 | $60,000 | $66,000 | $248,000 |
| cumulative roi | $26 | $46 | $63 | $78 | $92 | $105 | $118 | $130 | $142 | $154 | $955 |
The Eli at Water Street by The Park
Address: Kelowna, British Columbia
Price Range: $670,000 - $1,550,000
Avail. suites: 9
1—3.5 bd
635—1913 SqFt