Learn How to Gain SEVEN TIMES MORE ROI on Condo Investments

 

What will I make?

If a Condo is costing approximately $300 000 and 20% is required for down payment that means the mortgage will be for $240 000. By using an average of 2.79% for a mortgage rate and an amortization period of 30 Years the monthly mortgage will be $983.00.

The average rent in Mississauga and Vaughan for a single bedroom condo is approximately $1500 on the higher end and $1200 on the lower end, so using the median of $1350 we will calculate our projections.


In One Year:

Rental Income will be: $1350 * 12 = $16 200.00

Mortgage Expenses will be: $983 * 12 = $11 796.00

That means by the end of year one after your profit from the rental will be: $4404.00

The profit can be used towards the mortgage or it can be used as money to save for your next investment.

After 10 Years = $4404 * 10 = $44 040.00

After 25 Years = $4404 * 25 = $110 100.00

 

 

After 25 years when the mortgage is paid off in full there will be $110 100.00 of profit generated from condo. As a condo owner, you can resell it at anytime. However if you are able to hold onto the investment property after 25 years, you will make $110 100.00 and have a $240 000.00 mortgage paid off!

How Much Will You Make in 25 Years?

With property values going up on a yearly basis, let’s estimate that on the lower end the property value goes up by $100 000 over the next 25 years (we know it will be much more but for keeping the numbers simple we will say $100 000).

That means from a $60 000 investment into Transit City, the owner after the renters pay him for 25 years will make: $300 000 + $100 000 + $110 100.00 = $510 100.00

 

$510 100.00 – $60 000 = $450 100.00 will be made from a $60 000.00 investment in 25 years!

 

This is an opportunity investors cannot resist.

Contact us today at info@thecondolink.ca or call us at 416 909 2242 to capitalize on the Transit City Condos today!

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June 13th, 2017