6- 580 Eyer Drive, Pickering
Pickering
$579,000
Cash flow, cap rate & mortgage breakdown
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Listed by Royal Heritage Realty Ltd.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Maintenance Fees only $445.60. Seller paid special Assessment out!!!!!This beautiful and lovingly cared for home is move in ready. Freshly painted top to bottom in neutral colours. Bright and homey with an abundance of natural light. Walkout from the cozy living room to the private fully fenced back yard with gazebo and outdoor furniture for summer BBQ's. Finished basement family room gives extra space for families. This 4 bedroom has been converted to 3 to allow for a large master retreat but can easily be converted back to 4 bedrooms. Spacious kitchen with a separate eating area. Updates include: new roof/eavestrough 2020, windows /patio door replaced 2023, 2 underground parking spots conveniently accessed from the basement level door. Great location close to numerous schools and minutes to the 401 and Go.
MississaugaInvestor.ca
6- 580 Eyer Drive
Condo Townhouse · 4bd/2ba · ~1,300 sqft
$579,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.31%
Monthly Cash Flow
-$1,068/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-10.1%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$2,665 |
| Property Tax | −$487 |
| Insurance | −$225 |
| Condo Fee | −$446 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$1,068/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$5,848 |
| Insurance | −$2,700 |
| Condo Fee | −$5,352 |
| Annual NOI | $19,160 |
| Cap Rate | 3.31% |
Cash Required to Close
| Down Payment (20%) | $115,800 |
| Ontario Land Transfer Tax | $8,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $126,855 |
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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