50 Springer Drive, Richmond Hill
Richmond Hill
$1,499,000
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP-ADMIRAL REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
57
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,500/mo
Estimated from market price-to-rent ratios
Remarks
Your Search Ends Here. Stunning Contractor's Own Home In Desired Westbrook Community &Top Ranking Schools Area. Completely Redone With Top Quality Materials, Exceptional Craftsmanship And Utmost Attention To Every Detail. New Windows, Front Door, 3/4" Hardwood And Italian Porcelain Tiles. Modern Kitchen W/Centre Island, All New Baths W/Walk-In Showers. New Plumbing And Electrical, Smooth Ceilings, New Interior Doors, Hardware, Custom Trim, LED Pot Lights. Man Cave In The Garage W/Dedicated A/C And Heating. Custom Built 16'x10' Insulated Shed. Interlock, Asphalt, Landscaping - 2025. Too Many Upgrades To Mention. Nestled On A Quiet Street Across From Larratt Lea Park & Tennis Courts. Steps To Elgin West Community Centre & Pool, Forest Trails Of Twickenham Park. School Zone Of Top Rated St. Teresa of Lisieux Catholic H.S. And Richmond Hill High School.
MississaugaInvestor.ca
50 Springer Drive
Detached · 5bd/4ba · ~2,250 sqft
$1,499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.52%
Monthly Cash Flow
-$4,998/mo
Estimated Rent
$4,500/mo
Cash-on-Cash
-18.22%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,500 |
| Mortgage | −$6,900 |
| Property Tax | −$899 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,249 |
| Vacancy (5%) | −$225 |
| Cash Flow | -$4,998/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$54,000 |
| Vacancy (5%) | −$2,700 |
| Property Tax | −$10,793 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$14,990 |
| Annual NOI | $22,817 |
| Cap Rate | 1.52% |
Cash Required to Close
| Down Payment (20%) | $299,800 |
| Ontario Land Transfer Tax | $26,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $329,255 |
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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