Suite number:
BUSAN 489 (West Tower)
Project:
Address:
Vaughan, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
489 sqft
Occupancy Date:
Jun 2029
Price, CAD
$635,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
43.55%
Cumulative Return on Investment in Year 5
143.00%
Property Price at the End of Year 5
$819,000
Deposit Schedule
$12,000 at Signing
Total up to 5% in 30 days
$31,800
2.5% in 180 days
$15,900
2.5% in 360 days
$15,900
2.5% in 600 days
$15,900
2.5% in 750 days
$15,900
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 | $33,000 | $35,000 | $37,000 | $38,000 | $41,000 | $43,000 | $45,000 | $47,000 | $50,000 | $52,000 | $420,000 |
| rent income | - | - | - | - | $7,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $102,000 |
| mortgage principal reduction | - | - | - | - | $3,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $49,000 |
| deposit interest | $2,000 | $5,000 | $6,000 | $5,000 | $3,000 | - | - | - | - | - | $21,000 |
| gst hst rebate | - | - | - | - | $24,000 | - | - | - | - | - | $24,000 |
| total income return | $35,000 | $39,000 | $43,000 | $43,000 | $78,000 | $68,000 | $72,000 | $75,000 | $79,000 | $83,000 | $616,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $64,000 | $16,000 | $16,000 | - | $32,000 | - | - | - | - | - | $127,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | $48,000 | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | - | $3,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $45,000 |
| mortgage payment | - | - | - | - | $13,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $168,000 |
| total expense investment | $64,000 | $16,000 | $16,000 | - | $96,000 | $39,000 | $39,000 | $39,000 | $40,000 | $40,000 | $388,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$28,227 | $23,000 | $27,000 | $43,000 | -$18,481 | $30,000 | $33,000 | $36,000 | $39,000 | $43,000 | $228,000 |
| cumulative roi | $56 | $94 | $123 | $169 | $143 | $154 | $165 | $175 | $185 | $195 | $1,000 |
Bravo Condos
Address: Vaughan, Ontario
Price Range: $484,000 - $1,296,000
Avail. suites: 41
0—3 bd
334—1046 SqFt