Suite number:
Cumberland (Podium)
Project:
Address:
Hamilton, Ontario
Developer:
Rosehaven Homes
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
500 sqft
Occupancy Date:
Mar 2028
Status
This property is sold
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.71%
Cumulative Return on Investment in Year 5
108.40%
Property Price at the End of Year 5
$742,000
Deposit Schedule
$10,000 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 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $380,000 |
| rent income | - | - | - | $5,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $61,000 |
| mortgage principal reduction | - | - | - | $5,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $56,000 |
| deposit interest | $2,000 | $3,000 | $3,000 | $929 | - | - | - | - | - | - | $9,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $34,000 | $36,000 | $70,000 | $53,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $530,000 |
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 | - | - | - | $47,000 | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | - | $4,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $48,000 |
| mortgage payment | - | - | - | $19,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $187,000 |
| total expense investment | $58,000 | - | - | $128,000 | $35,000 | $35,000 | $35,000 | $35,000 | $36,000 | $36,000 | $397,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$25,667 | $34,000 | $36,000 | -$57,609 | $18,000 | $20,000 | $23,000 | $25,000 | $28,000 | $31,000 | $133,000 |
| cumulative roi | $55 | $115 | $178 | $99 | $108 | $117 | $124 | $131 | $138 | $144 | $1,000 |
The Rebecca
Address: Hamilton, Ontario
Price Range: $535,000 - $825,000
Avail. suites: 50
1—2 bd
425—788 SqFt