Suite number:
CALIFORNIA 838 (East Tower)
Project:
Address:
Vaughan, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
2
Bedrooms:
2.5
Size:
838 sqft
Occupancy Date:
Jun 2029
Price, CAD
$878,790
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
42.25%
Cumulative Return on Investment in Year 5
148.72%
Property Price at the End of Year 5
$1,132,000
Deposit Schedule
$12,000 at Signing
Total up to 5% in 30 days
$43,940
2.5% in 180 days
$21,970
2.5% in 360 days
$21,970
2.5% in 600 days
$21,970
2.5% in 750 days
$21,970
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 | $46,000 | $48,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $580,000 |
| rent income | - | - | - | - | $12,000 | $30,000 | $31,000 | $33,000 | $34,000 | $35,000 | $175,000 |
| mortgage principal reduction | - | - | - | - | $5,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $68,000 |
| deposit interest | $3,000 | $6,000 | $9,000 | $7,000 | $4,000 | - | - | - | - | - | $29,000 |
| gst hst rebate | - | - | - | - | $24,000 | - | - | - | - | - | $24,000 |
| total income return | $49,000 | $54,000 | $59,000 | $60,000 | $100,000 | $100,000 | $105,000 | $110,000 | $116,000 | $121,000 | $876,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $88,000 | $22,000 | $22,000 | - | $44,000 | - | - | - | - | - | $176,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | $53,000 | - | - | - | - | - | $53,000 |
| operating expense | - | - | - | - | $5,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $74,000 |
| mortgage payment | - | - | - | - | $18,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $232,000 |
| total expense investment | $88,000 | $22,000 | $22,000 | - | $120,000 | $56,000 | $56,000 | $56,000 | $57,000 | $57,000 | $534,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$39,023 | $32,000 | $37,000 | $60,000 | -$19,593 | $45,000 | $49,000 | $54,000 | $59,000 | $64,000 | $342,000 |
| cumulative roi | $56 | $94 | $123 | $169 | $149 | $162 | $175 | $188 | $201 | $214 | $2,000 |
Bravo Condos
Address: Vaughan, Ontario
Price Range: $484,000 - $1,296,000
Avail. suites: 41
0—3 bd
334—1046 SqFt