• 20%Down Payment=$77,280
  • 10%deposit on the lot=$12,990
  • Remainder=$64,290
• 80%Mortgage
  • $309,120 @ 2.6%5 year fixed

Carrying Cost=$1,414 per month

Retirement Benefits

• Incredible South Okanagan weather
• “The Wine Capital of Canada”
• Walking distance to the town centre
• Diverse dining and shopping
• Golf,Hiking Skiing,Boating and much more
• A mecca for gardeners
• Guests will want to visit!
• South Okanagan General Hospital in Oliver
• 90 minutes to Kelowna International Airport
• 20 minutes to the US border

Disclaimer

This case study was developed as of Sept 21st,2018 and is intended to provide a guideline only.It was created based on information solicited from modular home builders,mortgage brokers,property managers,municipal information and the developer.Prices,interest rates,rental rates,property valuations and costs are estimates only and should not be considered definitive.

• 20%Down Payment=$77,280
  • 10%deposit on the lot=$12,990
  • Remainder=$64,290
• 80%Mortgage
  • $309,120 @ 2.6%5 year fixed

Carrying Cost=$1,414 per month

Rental and Operating

• Bottom suite-$1150 per month
• Upper suite-$1500 per month
  • Mortgage-$1,398 per month
  • Strata Fee-$100 per month
  • Future Maintenance budget-$100 a month
  • Taxes-$2898 annually

Net Income=$727.50 per month or $8,730 Year 1
Net Income Total Year 5=$46,920

*Based on 2%annual increase in rent and operating expenses

Equity

• Mortgage reduced by $8,934 in Year 1
• 2%increase in property value=$7,720 in Year 1

Equity increase Year 1=$16,654
Equity increase by Year 5=$40,200

Disclaimer

This case study was developed as of Sept 21st,2018 and is intended to provide a guideline only.It was created based on information solicited from modular home builders,mortgage brokers,property managers,municipal information and the developer.Prices,interest rates,rental rates,property valuations and costs are estimates only and should not be considered definitive.