Suite number:
C1-08
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Bathrooms:
2
Bedrooms:
3.5
Size:
1818 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,474,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
21.40%
Cumulative Return on Investment in Year 5
97.67%
Property Price at the End of Year 5
$1,900,000
Deposit Schedule
$10 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 | $76,000 | $81,000 | $85,000 | $89,000 | $94,000 | $99,000 | $104,000 | $109,000 | $115,000 | $121,000 | $973,000 |
| rent income | $38,000 | $47,000 | $49,000 | $51,000 | $53,000 | $55,000 | $58,000 | $60,000 | $63,000 | $66,000 | $540,000 |
| mortgage principal reduction | $16,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $230,000 |
| deposit interest | $1,000 | - | - | - | - | - | - | - | - | - | $1,000 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $136,000 | $147,000 | $154,000 | $162,000 | $170,000 | $178,000 | $187,000 | $196,000 | $205,000 | $215,000 | $1,750,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $147,000 | - | - | - | - | - | - | - | - | - | $147,000 |
| remaining balance payment | $147,000 | - | - | - | - | - | - | - | - | - | $147,000 |
| closing cost | $47,000 | - | - | - | - | - | - | - | - | - | $47,000 |
| operating expense | $16,000 | $20,000 | $20,000 | $21,000 | $21,000 | $22,000 | $23,000 | $24,000 | $24,000 | $25,000 | $216,000 |
| mortgage payment | $60,000 | $72,000 | $72,000 | $72,000 | $72,000 | $72,000 | $72,000 | $72,000 | $72,000 | $72,000 | $706,000 |
| total expense investment | $418,000 | $91,000 | $92,000 | $93,000 | $93,000 | $94,000 | $95,000 | $95,000 | $96,000 | $97,000 | $1,264,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$282,038 | $56,000 | $63,000 | $69,000 | $77,000 | $84,000 | $92,000 | $100,000 | $109,000 | $118,000 | $486,000 |
| cumulative roi | $26 | $47 | $66 | $82 | $98 | $112 | $126 | $140 | $154 | $168 | $1,000 |
The Eli at Water Street by The Park
Address: Kelowna, British Columbia
Price Range: $670,000 - $1,550,000
Avail. suites: 9
1—3.5 bd
635—1913 SqFt