Suite number:
1013 - C497
Project:
Address:
Hamilton, Ontario
Developer:
IN8 Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
497 sqft
Occupancy Date:
May 2027
Price, CAD
$611,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
24.06%
Cumulative Return on Investment in Year 5
116.96%
Property Price at the End of Year 5
$788,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in -82 days
$30,600
5% in 30 days
$30,600
5% in 180 days
$30,600
5% on Occupancy
$30,600
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 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $404,000 |
| rent income | - | $1,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $21,000 | $22,000 | $23,000 | $164,000 |
| mortgage principal reduction | - | $616 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $73,000 |
| deposit interest | $2,000 | $3,000 | - | - | - | - | - | - | - | - | $5,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $38,000 | $84,000 | $63,000 | $66,000 | $70,000 | $73,000 | $76,000 | $80,000 | $84,000 | $669,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $61,000 | $31,000 | - | - | - | - | - | - | - | - | $92,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | $49,000 | - | - | - | - | - | - | - | - | $49,000 |
| operating expense | - | $630 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $66,000 |
| mortgage payment | - | $3,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $248,000 |
| total expense investment | $61,000 | $83,000 | $38,000 | $38,000 | $39,000 | $39,000 | $39,000 | $39,000 | $39,000 | $40,000 | $455,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$27,163 | -$44,715 | $46,000 | $25,000 | $28,000 | $31,000 | $34,000 | $37,000 | $41,000 | $45,000 | $214,000 |
| cumulative roi | $56 | $51 | $88 | $103 | $117 | $130 | $142 | $154 | $166 | $178 | $1,000 |
1107 Main
Address: Hamilton, Ontario
Price Range: $400,000 - $1,329,000
Avail. suites: 63
0—3 bd
289—1185 SqFt