featured deals
Investment Property Opportunity
Property Address: 59 Riverton Drive, North York – Humber Summit
Description:
Attention Investors and First-Time Home Buyers:
Spacious semi-detached home featuring 4 bedrooms and 3 bathrooms, including a finished basement with separate entrance. This versatile layout is perfect for large families or rental income.
- Freshly painted throughout
- No carpet in the house
- Separate laundry
- Opportunity to upgrade – eligible for government grants
- Located in a family-friendly neighborhood with easy access to transit, schools, and shops
Listed at: $899,999
Estimated Market Value: $950,000+ (Opportunity to negotiate)
Financial Breakdown:
Rental Income Projection (Full Rent Out):
- Total Monthly Rental Income: $5,650
- Total Annual Income: $67,800
Cash Flow per Month: $1,456.56
Cash Flow per Year: $17,478.66
Net Operating Income (NOI): $4,935.58/month | $59,227/year
Expenses:
Rental Income Projection (Full Rent Out):
- Mortgage Payment (Estimated): $3,479.03/month ($41,748.34/year)
- Vacancy (5%): $282.50/month ($3,390/year)
- Property Tax: $290.25/month ($3,483/year)
- Insurance: $100/month ($1,200/year)
- Other Costs (Maintenance, etc.): $41.67/month ($500/year)
