2985 Zenith Parkway, Pickering
Pickering
$1,310,918
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
88
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,900/mo
Estimated from market price-to-rent ratios
Remarks
BRAND NEW - Under Construction"Ginger" Model - 2256 sq ft. Elevation 1, walk out basement Backing onto green space Full Tarion Warranty Walk Out Basement
MississaugaInvestor.ca
2985 Zenith Parkway
Detached · 4bd/3ba · ~2,250 sqft
$1,310,918
Cash-Flow Report · July 31, 2026
Cap Rate
1.18%
Monthly Cash Flow
-$4,749/mo
Estimated Rent
$3,900/mo
Cash-on-Cash
-19.8%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,900 |
| Mortgage | −$6,034 |
| Property Tax | −$1,103 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,092 |
| Vacancy (5%) | −$195 |
| Cash Flow | -$4,749/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$46,800 |
| Vacancy (5%) | −$2,340 |
| Property Tax | −$13,240 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,109 |
| Annual NOI | $15,411 |
| Cap Rate | 1.18% |
Cash Required to Close
| Down Payment (20%) | $262,183.6 |
| Ontario Land Transfer Tax | $22,693 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $287,876.6 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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