Suite number:
B1-02
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1218 sqft
Occupancy Date:
Jan 2025
Price, CAD
$909,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.25%
Cumulative Return on Investment in Year 5
92.96%
Property Price at the End of Year 5
$1,172,000
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 | $47,000 | $50,000 | $52,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $71,000 | $75,000 | $601,000 |
| rent income | $22,000 | $27,000 | $28,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $36,000 | $38,000 | $309,000 |
| mortgage principal reduction | $10,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $142,000 |
| deposit interest | $687 | - | - | - | - | - | - | - | - | - | $687 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $84,000 | $89,000 | $93,000 | $98,000 | $102,000 | $107,000 | $113,000 | $118,000 | $124,000 | $130,000 | $1,058,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $91,000 | - | - | - | - | - | - | - | - | - | $91,000 |
| remaining balance payment | $91,000 | - | - | - | - | - | - | - | - | - | $91,000 |
| closing cost | $36,000 | - | - | - | - | - | - | - | - | - | $36,000 |
| operating expense | $10,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $15,000 | $16,000 | $137,000 |
| mortgage payment | $37,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $435,000 |
| total expense investment | $265,000 | $57,000 | $57,000 | $58,000 | $58,000 | $58,000 | $59,000 | $59,000 | $60,000 | $60,000 | $791,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$180,953 | $32,000 | $36,000 | $40,000 | $44,000 | $49,000 | $54,000 | $59,000 | $64,000 | $70,000 | $267,000 |
| cumulative roi | $26 | $46 | $63 | $79 | $93 | $106 | $119 | $132 | $144 | $156 | $965 |
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