301- 9618 Yonge Street, Richmond Hill
Richmond Hill
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
75
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Act Now! Spacious 1 bedroom Plus Den With 2 bathrooms Unit In Demand Location Close To All Amenities, Open Concept Living/Dining With Walk-Out To Balcony , laminate Floorings , And Powder Room, Modern Kitchen With SS Appliances , Large master With Ample Closet Spaces And 4 Piece bathroom, Den Can Accommodate A Home office, 1 Parking And Locker Included , Transit At The Door, Shopping Minutes Away, Must See Unit, Wont last.
MississaugaInvestor.ca
301- 9618 Yonge Street
Condo Apartment · 2bd/2ba · ~750 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.31%
Monthly Cash Flow
-$1,340/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-14.69%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,301 |
| Property Tax | −$300 |
| Insurance | −$225 |
| Condo Fee | −$604 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,340/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,599 |
| Insurance | −$2,700 |
| Condo Fee | −$7,248 |
| Annual NOI | $11,533 |
| Cap Rate | 2.31% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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