Suite number:
B1-04
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1294 sqft
Occupancy Date:
Jan 2025
Price, CAD
$849,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.88%
Cumulative Return on Investment in Year 5
95.93%
Property Price at the End of Year 5
$1,095,000
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 | $44,000 | $46,000 | $49,000 | $51,000 | $54,000 | $57,000 | $60,000 | $63,000 | $66,000 | $70,000 | $561,000 |
| rent income | $23,000 | $29,000 | $30,000 | $31,000 | $32,000 | $34,000 | $35,000 | $37,000 | $38,000 | $40,000 | $329,000 |
| mortgage principal reduction | $9,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $133,000 |
| deposit interest | $642 | - | - | - | - | - | - | - | - | - | $642 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $82,000 | $86,000 | $91,000 | $95,000 | $100,000 | $104,000 | $109,000 | $115,000 | $120,000 | $126,000 | $1,028,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $85,000 | - | - | - | - | - | - | - | - | - | $85,000 |
| remaining balance payment | $85,000 | - | - | - | - | - | - | - | - | - | $85,000 |
| closing cost | $35,000 | - | - | - | - | - | - | - | - | - | $35,000 |
| operating expense | $10,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $142,000 |
| mortgage payment | $34,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $407,000 |
| total expense investment | $250,000 | $54,000 | $55,000 | $55,000 | $55,000 | $56,000 | $56,000 | $57,000 | $57,000 | $58,000 | $754,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$168,110 | $32,000 | $36,000 | $40,000 | $44,000 | $48,000 | $53,000 | $58,000 | $63,000 | $68,000 | $274,000 |
| cumulative roi | $26 | $47 | $65 | $81 | $96 | $110 | $124 | $138 | $152 | $166 | $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