Seylynn Village investment has potential for great return
April 30, 2013
This perspective on real estate investment is provided to readers by Mortgage Dave, a longtime Lynn Valley mortgage expert.
Given the North Shore’s high prices, current investors sometimes wonder if buying in North or West Vancouver can possibly provide a decent return. In fact, a well-thought-out real estate purchase can provide not only a decent return, but also one that’s far more lucrative than many current stock and mutual fund portfolios.
I decided to take a closer look at the new Seylynn Village development being offered by Denna Homes in the Lower Lynn District. The Beacon building will comprise the first stage of new development in an area that is ripe for change. Being situated close to transportation, recreation, the downtown bridge, and Capilano University, it promises to be attractive to renters in an area that is already one of Greater Vancouver’s strongest rental markets (North Vancouver has a current vacancy rate of 0.9%).
Unit | Down payment | Monthly costs | Rent | Annual ROI | Return in 5 years | 5 yr. rate of return |
One Bedroom | $57,528 | $1,199 | $1,370 | 20% | $78,254 | 136% |
Two Bedroom | $91,408 | $1,735 | $2,018 | 18% | $119,304 | 131% |
Positive monthly cash flow - the 1 bedroom has $170 positive monthly cash flow and the 2 bedroom has $215 monthly.
Paying down the mortgage
Potential real estate market appreciation
Looking for more?
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