Suite number:
Cumberland (Podium)
Project:
Address:
Hamilton, Ontario
Developer:
Rosehaven Homes
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
500 sqft
Occupancy Date:
Mar 2028
Price, CAD
$575,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
21.50%
Cumulative Return on Investment in Year 5
103.63%
Property Price at the End of Year 5
$742,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$28,800
5% in 139 days
$28,800
10% on Occupancy
$57,599
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 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $380,000 |
| rent income | - | - | - | $7,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $63,000 |
| mortgage principal reduction | - | - | - | $7,000 | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $57,000 |
| deposit interest | $2,000 | $3,000 | $3,000 | $213 | - | - | - | - | - | - | $9,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $34,000 | $36,000 | $73,000 | $52,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $533,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $58,000 | - | - | $58,000 | - | - | - | - | - | - | $115,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $49,000 |
| mortgage payment | - | - | - | $26,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $200,000 |
| total expense investment | $58,000 | - | - | $139,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $412,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$25,317 | $34,000 | $36,000 | -$65,645 | $17,000 | $19,000 | $22,000 | $25,000 | $28,000 | $31,000 | $121,000 |
| cumulative roi | $56 | $116 | $179 | $95 | $104 | $112 | $119 | $126 | $132 | $139 | $1,000 |
The Rebecca
Address: Hamilton, Ontario
Price Range: $535,000 - $825,000
Avail. suites: 48
1—2 bd
425—788 SqFt