Suite number:
C2-07
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Bathrooms:
2
Bedrooms:
3.5
Size:
1913 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,549,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.56%
Cumulative Return on Investment in Year 5
103.04%
Property Price at the End of Year 5
$1,997,000
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 | $80,000 | $85,000 | $89,000 | $94,000 | $99,000 | $104,000 | $109,000 | $115,000 | $121,000 | $127,000 | $1,023,000 |
| rent income | $40,000 | $49,000 | $51,000 | $54,000 | $56,000 | $58,000 | $61,000 | $64,000 | $66,000 | $69,000 | $568,000 |
| mortgage principal reduction | $18,000 | $23,000 | $23,000 | $24,000 | $25,000 | $26,000 | $28,000 | $29,000 | $30,000 | $31,000 | $258,000 |
| deposit interest | $1,000 | - | - | - | - | - | - | - | - | - | $1,000 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $144,000 | $157,000 | $164,000 | $172,000 | $180,000 | $189,000 | $198,000 | $207,000 | $217,000 | $227,000 | $1,855,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $155,000 | - | - | - | - | - | - | - | - | - | $155,000 |
| remaining balance payment | $155,000 | - | - | - | - | - | - | - | - | - | $155,000 |
| closing cost | $49,000 | - | - | - | - | - | - | - | - | - | $49,000 |
| operating expense | $17,000 | $21,000 | $21,000 | $22,000 | $23,000 | $23,000 | $24,000 | $25,000 | $26,000 | $26,000 | $227,000 |
| mortgage payment | $59,000 | $71,000 | $71,000 | $71,000 | $71,000 | $71,000 | $71,000 | $71,000 | $71,000 | $71,000 | $699,000 |
| total expense investment | $435,000 | $92,000 | $92,000 | $93,000 | $94,000 | $94,000 | $95,000 | $96,000 | $97,000 | $97,000 | $1,285,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$290,523 | $65,000 | $72,000 | $79,000 | $86,000 | $94,000 | $103,000 | $111,000 | $120,000 | $130,000 | $570,000 |
| cumulative roi | $27 | $49 | $69 | $86 | $103 | $119 | $134 | $150 | $165 | $181 | $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