Suite number:
D1
Project:
Address:
Penticton, British Columbia
Developer:
Kerkhoff Develop-Build
Property type:
condo
Bathrooms:
1
Bedrooms:
2
Size:
657 sqft
Occupancy Date:
Jun 2028
Price, CAD
$599,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
27.61%
Cumulative Return on Investment in Year 5
123.00%
Property Price at the End of Year 5
$773,000
Deposit Schedule
Total up to 10% in 7 days
$59,990
5% on Occupancy
$29,995
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 | $31,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $47,000 | $49,000 | $396,000 |
| rent income | - | - | - | $5,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $80,000 |
| mortgage principal reduction | - | - | - | $3,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $56,000 |
| deposit interest | $4,000 | $5,000 | $5,000 | $2,000 | - | - | - | - | - | - | $16,000 |
| gst hst rebate | - | - | - | $5,000 | - | - | - | - | - | - | $5,000 |
| total income return | $36,000 | $37,000 | $39,000 | $52,000 | $57,000 | $60,000 | $63,000 | $66,000 | $70,000 | $73,000 | $554,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $90,000 | - | - | - | - | - | - | - | - | - | $90,000 |
| remaining balance payment | - | - | - | $30,000 | - | - | - | - | - | - | $30,000 |
| closing cost | - | - | - | $30,000 | - | - | - | - | - | - | $30,000 |
| operating expense | - | - | - | $3,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $48,000 |
| mortgage payment | - | - | - | $12,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $187,000 |
| total expense investment | $90,000 | - | - | $75,000 | $36,000 | $36,000 | $37,000 | $37,000 | $37,000 | $37,000 | $386,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$54,404 | $37,000 | $39,000 | -$23,459 | $21,000 | $24,000 | $27,000 | $29,000 | $32,000 | $36,000 | $168,000 |
| cumulative roi | $40 | $81 | $125 | $112 | $123 | $132 | $141 | $149 | $157 | $165 | $1,000 |
Sokana - Riverview Building
Address: Penticton, British Columbia
Price Range: $400,000 - $887,000
Avail. suites: 17
0—3 bd
398—980 SqFt