Suite number:
B3
Project:
Address:
Penticton, British Columbia
Developer:
Kerkhoff Develop-Build
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
538 sqft
Occupancy Date:
Jun 2028
Price, CAD
$459,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
27.60%
Cumulative Return on Investment in Year 5
123.84%
Property Price at the End of Year 5
$592,000
Deposit Schedule
Total up to 10% in 7 days
$45,990
5% on Occupancy
$22,995
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 | $24,000 | $25,000 | $26,000 | $28,000 | $29,000 | $31,000 | $32,000 | $34,000 | $36,000 | $38,000 | $304,000 |
| rent income | - | - | - | $5,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $87,000 |
| mortgage principal reduction | - | - | - | $2,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $43,000 |
| deposit interest | $3,000 | $4,000 | $4,000 | $2,000 | - | - | - | - | - | - | $12,000 |
| gst hst rebate | - | - | - | $5,000 | - | - | - | - | - | - | $5,000 |
| total income return | $27,000 | $29,000 | $30,000 | $42,000 | $48,000 | $50,000 | $52,000 | $55,000 | $58,000 | $61,000 | $452,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $69,000 | - | - | - | - | - | - | - | - | - | $69,000 |
| remaining balance payment | - | - | - | $23,000 | - | - | - | - | - | - | $23,000 |
| closing cost | - | - | - | $27,000 | - | - | - | - | - | - | $27,000 |
| operating expense | - | - | - | $2,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $41,000 |
| mortgage payment | - | - | - | $9,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $144,000 |
| total expense investment | $69,000 | - | - | $62,000 | $28,000 | $28,000 | $29,000 | $29,000 | $29,000 | $29,000 | $304,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$41,707 | $29,000 | $30,000 | -$19,748 | $19,000 | $21,000 | $24,000 | $26,000 | $29,000 | $31,000 | $148,000 |
| cumulative roi | $40 | $81 | $125 | $110 | $124 | $136 | $148 | $159 | $169 | $180 | $1,000 |
Sokana - Riverview Building
Address: Penticton, British Columbia
Price Range: $400,000 - $887,000
Avail. suites: 17
0—3 bd
398—980 SqFt