71 Futura Avenue, Richmond Hill
Richmond Hill
$1,799,000
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
5
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,850/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To This Beautifully Maintained 4+1 Bedroom, 5 Bathroom Home Offering Elegant Living Spaces And A Functional Layout For Modern Family Living *Impressive Formal Living And Dining Rooms Filled With Natural Light Lead To A Spacious Family Room With A Cozy Fireplace *The Open-Concept Kitchen Features Stainless Steel Appliances, A Breakfast Bar, Ample Cabinetry And A Bright Breakfast Area With Walkout To The Backyard Deck *Recent Updates Include New Hardwood Flooring Throughout The Second Floor, Three Renovated Second-Floor Washrooms, Fresh Paint Throughout Most Of The Home, Pot Lights Throughout, And Updated Interlock *The Finished Basement Offers A 1-Bedroom Retreat With A Wet Bar, Providing Excellent Additional Living Space *Roof (2020) *Conveniently Located Close To Schools And Everyday Amenities, This Home Is Perfect For Growing Families.
MississaugaInvestor.ca
71 Futura Avenue
Detached · 5bd/5ba · ~3,250 sqft
$1,799,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.2%
Monthly Cash Flow
-$6,477/mo
Estimated Rent
$4,850/mo
Cash-on-Cash
-19.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,850 |
| Mortgage | −$8,281 |
| Property Tax | −$1,079 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,499 |
| Vacancy (5%) | −$243 |
| Cash Flow | -$6,477/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$58,200 |
| Vacancy (5%) | −$2,910 |
| Property Tax | −$12,953 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$17,990 |
| Annual NOI | $21,647 |
| Cap Rate | 1.2% |
Cash Required to Close
| Down Payment (20%) | $359,800 |
| Ontario Land Transfer Tax | $32,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $395,255 |
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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