Suite number:
A612 - BURNET
Project:
Address:
Richmond Hill, Ontario
Developer:
Greenpark Group
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
612 sqft
Occupancy Date:
Sep 2027
Price, CAD
$669,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.46%
Cumulative Return on Investment in Year 5
97.95%
Property Price at the End of Year 5
$863,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$33,495
2.5% in 180 days
$16,748
2.5% in 365 days
$16,748
2.5% in 545 days
$16,748
2.5% in 725 days
$16,748
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 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $50,000 | $52,000 | $55,000 | $442,000 |
| rent income | - | - | $12,000 | $15,000 | $15,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $130,000 |
| mortgage principal reduction | - | - | $7,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $77,000 |
| deposit interest | -$1,564 | $7,000 | $793 | - | - | - | - | - | - | - | $6,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $33,000 | $43,000 | $82,000 | $64,000 | $67,000 | $70,000 | $74,000 | $78,000 | $81,000 | $85,000 | $679,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $50,000 | $50,000 | $33,000 | - | - | - | - | - | - | - | $134,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $50,000 | - | - | - | - | - | - | - | $50,000 |
| operating expense | - | - | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $69,000 |
| mortgage payment | - | - | $28,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $263,000 |
| total expense investment | $50,000 | $50,000 | $119,000 | $42,000 | $42,000 | $42,000 | $42,000 | $43,000 | $43,000 | $43,000 | $516,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$17,071 | -$7,054 | -$36,441 | $22,000 | $25,000 | $28,000 | $32,000 | $35,000 | $39,000 | $43,000 | $163,000 |
| cumulative roi | $69 | $76 | $74 | $87 | $98 | $108 | $118 | $127 | $136 | $145 | $1,000 |
Rise & Rose Condos (Tower 1 & 2)
Address: Richmond Hill, Ontario
Price Range: $623,000 - $1,051,000
Avail. suites: 15
1—3 bd
492—1145 SqFt