Suite number:
611 A1
Project:
Address:
Victoria, British Columbia
Developer:
Mike Geric Construction
Property type:
condo
Bathrooms:
1
Bedrooms:
0
Size:
390 sqft
Occupancy Date:
Jan 2024
Price, CAD
$359,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
35.22%
Cumulative Return on Investment in Year 5
164.76%
Property Price at the End of Year 5
$463,000
Deposit Schedule
$5,000 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 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $29,000 | $237,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $9,000 | $5,000 | $6,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $67,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $28,000 | $25,000 | $26,000 | $28,000 | $29,000 | $30,000 | $32,000 | $34,000 | $35,000 | $37,000 | $303,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $165,000 |
| total expense investment | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $165,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $11,000 | $9,000 | $10,000 | $11,000 | $13,000 | $14,000 | $15,000 | $17,000 | $19,000 | $20,000 | $139,000 |
| cumulative roi | $168 | $160 | $160 | $162 | $165 | $168 | $172 | $176 | $180 | $184 | $2,000 |
Tresah - East
Address: Victoria, British Columbia
Price Range: $319,000 - $359,000
Avail. suites: 5
0 bd
390 SqFt