Suite number:
622 - D4 NH2
Project:
Address:
Richmond, British Columbia
Developer:
Cadillac Fairview Corporation
Property type:
condo
Bathrooms:
2
Bedrooms:
3.5
Size:
1036 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,224,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.88%
Cumulative Return on Investment in Year 5
95.64%
Property Price at the End of Year 5
$1,577,000
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 | $63,000 | $67,000 | $70,000 | $74,000 | $78,000 | $82,000 | $86,000 | $91,000 | $95,000 | $100,000 | $808,000 |
| rent income | $33,000 | $38,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $53,000 | $438,000 |
| mortgage principal reduction | $14,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $193,000 |
| deposit interest | $419 | - | - | - | - | - | - | - | - | - | $419 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $117,000 | $121,000 | $127,000 | $133,000 | $140,000 | $146,000 | $154,000 | $161,000 | $169,000 | $177,000 | $1,444,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $98,000 | - | - | - | - | - | - | - | - | - | $98,000 |
| remaining balance payment | $147,000 | - | - | - | - | - | - | - | - | - | $147,000 |
| closing cost | $42,000 | - | - | - | - | - | - | - | - | - | $42,000 |
| operating expense | $14,000 | $16,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $179,000 |
| mortgage payment | $55,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $590,000 |
| total expense investment | $356,000 | $76,000 | $76,000 | $77,000 | $77,000 | $78,000 | $78,000 | $79,000 | $80,000 | $80,000 | $1,056,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$239,491 | $46,000 | $51,000 | $57,000 | $62,000 | $69,000 | $75,000 | $82,000 | $89,000 | $97,000 | $388,000 |
| cumulative roi | $26 | $47 | $65 | $81 | $96 | $110 | $123 | $137 | $150 | $164 | $998 |
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