4 BACKHOUSE Drive, Richmond Hill
Richmond Hill
$2,144,990
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE ELITE REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
6
Days on Market
58
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
WELCOME TO A BRAND-NEW 3500 SQ.FT. BEAUTY FROM REGAL CREST HOMES. FEATURES 5 BEDROOMS AND 6 ENSUITES. ( IN-LAW SUITE FEATURE MAIN FLOOR ) COMPLETED & MOVE-IN, CARPET-FREE HOME AND OVER 80K IN UPGRADES INSTALLED. 200 AMP, GAS LINEAR F.P., EXTENDED KIT. UPPERS, UPPER FLOOR LAUNDRY, NO SIDEWALK SO 2 CAR GARAGE AND 4 OUTSIDE PARKING AVAILABLE, QUIET NEAR OAKRIDGE MORAINE. YOU MUST BOOK A VIEWING TO SEE THE LUXURY AND FINISH OF THIS BEAUTY.
MississaugaInvestor.ca
4 BACKHOUSE Drive
Detached · 5bd/6ba · ~4,250 sqft
$2,144,990
Cash-Flow Report · July 31, 2026
Cap Rate
1.55%
Monthly Cash Flow
-$7,097/mo
Estimated Rent
$6,395/mo
Cash-on-Cash
-18.04%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,395 |
| Mortgage | −$9,873 |
| Property Tax | −$1,287 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,787 |
| Vacancy (5%) | −$320 |
| Cash Flow | -$7,097/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$76,740 |
| Vacancy (5%) | −$3,837 |
| Property Tax | −$15,444 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$21,450 |
| Annual NOI | $33,309 |
| Cap Rate | 1.55% |
Cash Required to Close
| Down Payment (20%) | $428,998 |
| Ontario Land Transfer Tax | $40,100 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $472,098 |
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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