#408 610 King Street, Spruce Grove
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Description
Details
Financing

Extremely affordable & cheaper than rent so it perfect starter home for first time home buyer wanting to get in the market. As well as being and end unit so it is quieter, inside on the main floor you will find everything is well laid out with good sized living room, ample dining area, decent sized kitchen with plenty cupboards & counter space which you always need. Also on the main floor you have 2 pc powder room & in-suite laundry along with furnace & hot water tank so you are in control of your utilities. Low Condo fee includes water so that is a huge saving for you right there. Both bedrooms on the upper level are huge so you have plenty of space. Parking stall is close by your front door. Roof shingles have just been redone & complex is well managed. Suit family or smart investor as Grove Estates is centrally situated in Spruce Grove & therefore gets all the benefits of this fast growing dynamic community & being centrally located, you have easy access to all the amenities, schools, shopping & transit.

Asking Price
$

Down Payment
%  
$   31800

Interest Rate
%  

Amortization
yrs

Monthly Payment
$ 753.88

CMHC Fee 2.4 %  
$ 17.67

More Options   
Rent
$   

Appreciation
%    

Property Tax
$    

Insurance
$    

Monthly Utilities
$    


Vacancy
%    

Management
%    
$   0

Maintenance
%    
$   0

Analysis
Cap Rate 6.23 %
Return on Investment2.71 %
Monthly Cash Flow $ 71.93

TOTAL ROI
(Principle Reduction, Appreciation, Cash Flow)
1 YR3 YRS5 YRS
26.76 %83.04 %143.23 %