Suite number:
New Orleans 522 (Encore)
Project:
Address:
Vaughan, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
522 sqft
Occupancy Date:
Jun 2029
Price, CAD
$570,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
23.80%
Cumulative Return on Investment in Year 5
113.45%
Property Price at the End of Year 5
$736,000
Deposit Schedule
$12,000 at Signing
Total up to 5% in 30 days
$28,550
2.5% in 180 days
$14,275
2.5% in 360 days
$14,275
2.5% in 600 days
$14,275
2.5% in 750 days
$14,275
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 | $30,000 | $31,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $42,000 | $45,000 | $47,000 | $377,000 |
| rent income | - | - | - | $4,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $87,000 |
| mortgage principal reduction | - | - | - | $2,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $51,000 |
| deposit interest | -$3,179 | $4,000 | $6,000 | $3,000 | - | - | - | - | - | - | $9,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $26,000 | $35,000 | $38,000 | $68,000 | $56,000 | $59,000 | $62,000 | $65,000 | $68,000 | $71,000 | $548,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $57,000 | $14,000 | $14,000 | $29,000 | - | - | - | - | - | - | $114,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | $2,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $50,000 |
| mortgage payment | - | - | - | $10,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $181,000 |
| total expense investment | $57,000 | $14,000 | $14,000 | $89,000 | $36,000 | $36,000 | $36,000 | $37,000 | $37,000 | $37,000 | $394,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$30,671 | $21,000 | $24,000 | -$21,120 | $20,000 | $22,000 | $25,000 | $28,000 | $31,000 | $34,000 | $154,000 |
| cumulative roi | $52 | $87 | $117 | $103 | $113 | $123 | $132 | $140 | $148 | $156 | $1,000 |
Bravo Condos
Address: Vaughan, Ontario
Price Range: $470,000 - $865,000
Avail. suites: 18
0—3 bd
334—1046 SqFt