Suite number:
616 - B1 NH2
Project:
Address:
Richmond, British Columbia
Developer:
Cadillac Fairview Corporation
Property type:
condo
Bathrooms:
1
Bedrooms:
2.5
Size:
664 sqft
Occupancy Date:
Jan 2025
Price, CAD
$849,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.11%
Cumulative Return on Investment in Year 5
92.55%
Property Price at the End of Year 5
$1,094,000
Deposit Schedule
$8 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 | $44,000 | $46,000 | $49,000 | $51,000 | $54,000 | $57,000 | $60,000 | $63,000 | $66,000 | $70,000 | $560,000 |
| rent income | $21,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $31,000 | $33,000 | $34,000 | $281,000 |
| mortgage principal reduction | $10,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $134,000 |
| deposit interest | $290 | - | - | - | - | - | - | - | - | - | $290 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $81,000 | $82,000 | $86,000 | $90,000 | $95,000 | $99,000 | $104,000 | $109,000 | $114,000 | $120,000 | $980,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $68,000 | - | - | - | - | - | - | - | - | - | $68,000 |
| remaining balance payment | $102,000 | - | - | - | - | - | - | - | - | - | $102,000 |
| closing cost | $35,000 | - | - | - | - | - | - | - | - | - | $35,000 |
| operating expense | $9,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $12,000 | $13,000 | $13,000 | $13,000 | $117,000 |
| mortgage payment | $38,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $410,000 |
| total expense investment | $252,000 | $52,000 | $52,000 | $52,000 | $53,000 | $53,000 | $54,000 | $54,000 | $54,000 | $55,000 | $731,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$171,280 | $30,000 | $34,000 | $38,000 | $42,000 | $46,000 | $50,000 | $55,000 | $60,000 | $65,000 | $249,000 |
| cumulative roi | $26 | $46 | $63 | $78 | $93 | $106 | $119 | $131 | $144 | $156 | $962 |
RC at CF Richmond Centre
Address: Richmond, British Columbia
Price Range: $589,000 - $1,580,000
Avail. suites: 8
0—4 bd
489—1537 SqFt