Suite number:
A1
Project:
Address:
Penticton, British Columbia
Developer:
Kerkhoff Develop-Build
Property type:
condo
Bathrooms:
1
Bedrooms:
0
Size:
398 sqft
Occupancy Date:
Jun 2028
Price, CAD
$399,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
25.29%
Cumulative Return on Investment in Year 5
114.02%
Property Price at the End of Year 5
$515,000
Deposit Schedule
Total up to 10% in 7 days
$39,990
5% on Occupancy
$19,995
Net Gain (Loss)
Get Expert Advice
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 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $30,000 | $31,000 | $33,000 | $264,000 |
| rent income | - | - | - | $2,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $5,000 | $27,000 |
| mortgage principal reduction | - | - | - | $2,000 | $5,000 | $6,000 | $6,000 | $6,000 | $6,000 | $7,000 | $38,000 |
| deposit interest | $3,000 | $3,000 | $3,000 | $2,000 | - | - | - | - | - | - | $11,000 |
| gst hst rebate | - | - | - | $5,000 | - | - | - | - | - | - | $5,000 |
| total income return | $24,000 | $25,000 | $26,000 | $34,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $344,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $60,000 | - | - | - | - | - | - | - | - | - | $60,000 |
| remaining balance payment | - | - | - | $20,000 | - | - | - | - | - | - | $20,000 |
| closing cost | - | - | - | $26,000 | - | - | - | - | - | - | $26,000 |
| operating expense | - | - | - | $2,000 | $4,000 | $4,000 | $4,000 | $4,000 | $5,000 | $5,000 | $28,000 |
| mortgage payment | - | - | - | $8,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $125,000 |
| total expense investment | $60,000 | - | - | $56,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $259,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$36,266 | $25,000 | $26,000 | -$21,275 | $11,000 | $13,000 | $14,000 | $16,000 | $18,000 | $20,000 | $85,000 |
| cumulative roi | $40 | $81 | $125 | $106 | $114 | $121 | $127 | $133 | $139 | $144 | $1,000 |
Sokana - Riverview Building
Address: Penticton, British Columbia
Price Range: $400,000 - $887,000
Avail. suites: 17
0—3 bd
398—980 SqFt