513- 6 David Eyer Road, Richmond Hill
Richmond Hill
$649,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to a warm and inviting southwest-facing 2 bedroom, 2 Bathroom condo, beautifully decorated with a designers touch. Located in the Bayview and Elgin Mills area, this bright 830 SQFT unit offers unobstructed views of the Toronto skyline, filling the space with natural light and spectacular sunsets. Custom lighting fixtures, elegant window treatments, and stylish bathroom mirrors are thoughtfully chosen and included with the unit. This unit comes with 1 Underground Parking and 1 Locker Unit both owned. Enjoy many amenities this condo has to offer such as common BBQ area, Gym, Party Room, Theatre Room, Music Room, Business Centre and even a Pet Washing area. Step outside and you're moments away from scenic parks, place of worship, boutique shops, yoga and pilates studios, golf courses, and some of the areas best restaurants. For commuters, the Richmond Hill GO Station is just minutes away, offering quick access to downtown Toronto and beyond. Whether you're hosting guests or enjoying a peaceful evening at home, this unit offers the perfect blend of comfort, style, and convenience.
MississaugaInvestor.ca
513- 6 David Eyer Road
Condo Apartment · 2bd/2ba · ~850 sqft
$649,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.7%
Monthly Cash Flow
-$2,070/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-17.46%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,987 |
| Property Tax | −$389 |
| Insurance | −$225 |
| Condo Fee | −$701 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$2,070/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$4,673 |
| Insurance | −$2,700 |
| Condo Fee | −$8,412 |
| Annual NOI | $11,005 |
| Cap Rate | 1.7% |
Cash Required to Close
| Down Payment (20%) | $129,800 |
| Ontario Land Transfer Tax | $9,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,255 |
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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