Suite number:
C2
Project:
Address:
Penticton, British Columbia
Developer:
Kerkhoff Develop-Build
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
635 sqft
Occupancy Date:
Jun 2028
Price, CAD
$589,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
29.06%
Cumulative Return on Investment in Year 5
130.12%
Property Price at the End of Year 5
$760,000
Deposit Schedule
Total up to 10% in 7 days
$58,990
5% on Occupancy
$29,495
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 | $31,000 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $48,000 | $389,000 |
| rent income | - | - | - | $11,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $162,000 |
| mortgage principal reduction | - | - | - | $4,000 | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $54,000 |
| deposit interest | $4,000 | $5,000 | $5,000 | $2,000 | - | - | - | - | - | - | $15,000 |
| gst hst rebate | - | - | - | $5,000 | - | - | - | - | - | - | $5,000 |
| total income return | $35,000 | $37,000 | $39,000 | $57,000 | $68,000 | $71,000 | $74,000 | $78,000 | $82,000 | $86,000 | $626,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $88,000 | - | - | - | - | - | - | - | - | - | $88,000 |
| remaining balance payment | - | - | - | $29,000 | - | - | - | - | - | - | $29,000 |
| closing cost | - | - | - | $31,000 | - | - | - | - | - | - | $31,000 |
| operating expense | - | - | - | $4,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $54,000 |
| mortgage payment | - | - | - | $15,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $192,000 |
| total expense investment | $88,000 | - | - | $79,000 | $37,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $395,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$53,680 | $37,000 | $39,000 | -$22,034 | $30,000 | $33,000 | $37,000 | $40,000 | $44,000 | $47,000 | $231,000 |
| cumulative roi | $39 | $81 | $125 | $112 | $130 | $147 | $164 | $181 | $197 | $215 | $1,000 |
Sokana
Address: Penticton, British Columbia
Price Range: $400,000 - $887,000
Avail. suites: 17
0—3 bd
398—980 SqFt