Suite number:
B2-09
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1366 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,199,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
19.77%
Cumulative Return on Investment in Year 5
90.44%
Property Price at the End of Year 5
$1,546,000
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 | $62,000 | $66,000 | $69,000 | $73,000 | $76,000 | $80,000 | $85,000 | $89,000 | $94,000 | $98,000 | $792,000 |
| rent income | $24,000 | $30,000 | $31,000 | $33,000 | $34,000 | $36,000 | $37,000 | $39,000 | $40,000 | $42,000 | $347,000 |
| mortgage principal reduction | $13,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $187,000 |
| deposit interest | $906 | - | - | - | - | - | - | - | - | - | $906 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $105,000 | $112,000 | $117,000 | $123,000 | $129,000 | $135,000 | $142,000 | $149,000 | $156,000 | $164,000 | $1,332,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $120,000 | - | - | - | - | - | - | - | - | - | $120,000 |
| remaining balance payment | $120,000 | - | - | - | - | - | - | - | - | - | $120,000 |
| closing cost | $42,000 | - | - | - | - | - | - | - | - | - | $42,000 |
| operating expense | $12,000 | $15,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $160,000 |
| mortgage payment | $49,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $574,000 |
| total expense investment | $342,000 | $73,000 | $73,000 | $74,000 | $74,000 | $75,000 | $75,000 | $76,000 | $76,000 | $77,000 | $1,016,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$237,195 | $39,000 | $44,000 | $49,000 | $55,000 | $60,000 | $67,000 | $73,000 | $80,000 | $87,000 | $316,000 |
| cumulative roi | $26 | $46 | $62 | $77 | $90 | $103 | $115 | $126 | $137 | $148 | $930 |
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