201 620 King Street, Spruce Grove
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Description
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Financing

Extremely affordable & cheaper than rent so perfect for first time home buyer & will even make perfect investment property for smart investors as it has an attractive price. Built in 2003, you will find this home is centrally located in Spruce Grove & therefore gets all the benefits of this fast growing dynamic community plus being centrally located you have easy access to all amenities. Inside, you will find this a very spacious 2 bedroom condo. Huge living room and bedrooms, much bigger than many new builds. Living room has sliding doors to your patio & your parking stall is close by plus extra stalls are available if you need it. Laundry is conveniently in suite . Well managed complex with low condo fees & new shingles recently done.

Asking Price
$

Down Payment
%  
$   6750

Interest Rate
%  

Amortization
yrs

Monthly Payment
$ 696.69

CMHC Fee 4 %  
$ 26.80

More Options   
Rent
$   

Appreciation
%    

Property Tax
$    

Insurance
$    

Monthly Utilities
$    


Vacancy
%    

Management
%    
$   0

Maintenance
%    
$   0

Analysis
Cap Rate 7.58 %
Return on Investment27.70 %
Monthly Cash Flow $ 155.84

TOTAL ROI
(Principle Reduction, Appreciation, Cash Flow)
1 YR3 YRS5 YRS
138.36 %426.65 %731.28 %