Suite number:
315 1E D
Project:
Address:
Hamilton, Ontario
Developer:
Matrix Development Group
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
567 sqft
Occupancy Date:
May 2024
$499,900
Available
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Investment Period: 5 years
Yearly Return on Investment in Year 5
35.12%
Cumulative Return on Investment in Year 5
162.25%
Property Price at the End of Year 5
$644,000
Deposit Schedule
$5,000 at Signing
Total up to 20% in 10029 days
$94,980
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 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $330,000 |
rent income | - | - | - | - | - | - | - | - | - | - | - |
mortgage principal reduction | $10,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $89,000 |
deposit interest | - | - | - | - | - | - | - | - | - | - | - |
gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
total income return | $36,000 | $35,000 | $37,000 | $38,000 | $40,000 | $42,000 | $44,000 | $47,000 | $49,000 | $51,000 | $419,000 |
Expense/ Investment
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
deposit | - | - | - | - | - | - | - | - | - | - | - |
remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
closing cost | - | - | - | - | - | - | - | - | - | - | - |
operating expense | - | - | - | - | - | - | - | - | - | - | - |
mortgage payment | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $229,000 |
total expense investment | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $229,000 |
Other
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
net gain loss | $13,000 | $12,000 | $14,000 | $15,000 | $17,000 | $19,000 | $21,000 | $24,000 | $26,000 | $28,000 | $190,000 |
cumulative roi | $157 | $154 | $156 | $159 | $162 | $166 | $170 | $174 | $178 | $183 | $2,000 |
In the heart of Midtown Hamilton. Living at the gateway to downtown, close to McMaster University and on midtown’s bustling Main Street means discovering all of the foodie hot spots on Hamilton’s restaurant row. Weekends fill up fast with Farmers’ Ma...
Address: Hamilton, Ontario
Price Range: $400,000 - $690,000
Avail. suites: 14
0—2.5 bd
315—800 SqFt