Suite number:
3B (Podium)
Project:
Address:
Mississauga, Ontario
Developer:
Marlin Spring Developments
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
3
Size:
851 sqft
Occupancy Date:
Jan 2028
Price, CAD
$1,162,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.87%
Cumulative Return on Investment in Year 5
103.87%
Property Price at the End of Year 5
$1,498,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$58,150
2.5% in 180 days
$29,075
5% in 545 days
$58,150
5% on Occupancy
$58,150
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 | $60,000 | $64,000 | $67,000 | $70,000 | $74,000 | $78,000 | $82,000 | $86,000 | $91,000 | $95,000 | $768,000 |
| rent income | - | - | $20,000 | $31,000 | $32,000 | $33,000 | $35,000 | $36,000 | $38,000 | $39,000 | $263,000 |
| mortgage principal reduction | - | - | $9,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $130,000 |
| deposit interest | -$374 | $6,000 | $2,000 | - | - | - | - | - | - | - | $8,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $60,000 | $70,000 | $122,000 | $116,000 | $121,000 | $127,000 | $134,000 | $140,000 | $147,000 | $154,000 | $1,192,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $87,000 | $58,000 | $58,000 | - | - | - | - | - | - | - | $204,000 |
| remaining balance payment | - | - | $29,000 | - | - | - | - | - | - | - | $29,000 |
| closing cost | - | - | $60,000 | - | - | - | - | - | - | - | $60,000 |
| operating expense | - | - | $9,000 | $14,000 | $14,000 | $15,000 | $15,000 | $15,000 | $16,000 | $16,000 | $114,000 |
| mortgage payment | - | - | $39,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $447,000 |
| total expense investment | $87,000 | $58,000 | $195,000 | $72,000 | $72,000 | $73,000 | $73,000 | $73,000 | $74,000 | $74,000 | $853,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$27,295 | $12,000 | -$73,284 | $44,000 | $49,000 | $55,000 | $61,000 | $67,000 | $73,000 | $80,000 | $340,000 |
| cumulative roi | $69 | $89 | $75 | $90 | $104 | $116 | $128 | $139 | $150 | $161 | $1,000 |
Above Condos
Address: Mississauga, Ontario
Price Range: $600,000 - $1,376,000
Avail. suites: 23
0—3 bd
338—1319 SqFt