Suite number:
1402 - Ritcher
Project:
Address:
Mississauga, Ontario
Developer:
Emblem Developments
Property type:
condo
Bathrooms:
2
Bedrooms:
2.5
Size:
827 sqft
Occupancy Date:
Sep 2024
Price, CAD
$727,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
32.58%
Cumulative Return on Investment in Year 5
148.71%
Property Price at the End of Year 5
$938,000
Deposit Schedule
$5 at Signing
Total up to 5% in 9999 days
$36,400
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 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $49,000 | $51,000 | $54,000 | $57,000 | $60,000 | $480,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $11,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $118,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $49,000 | $50,000 | $52,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $70,000 | $74,000 | $599,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $354,000 |
| total expense investment | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $354,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $13,000 | $14,000 | $17,000 | $19,000 | $22,000 | $25,000 | $28,000 | $32,000 | $35,000 | $39,000 | $245,000 |
| cumulative roi | $138 | $139 | $142 | $145 | $149 | $152 | $156 | $160 | $165 | $169 | $2,000 |
Artform Condos
Address: Mississauga, Ontario
Price Range: $560,000 - $823,000
Avail. suites: 20
1.5—2.5 bd
475—885 SqFt