11 Melbourne Drive, Richmond Hill
Richmond Hill
$1,780,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE BROADWAY REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
5
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,800/mo
Estimated from market price-to-rent ratios
Remarks
Richmond Hill*** Family-friendly Rouge Woods neighborhood, this Bright and Spacious 2-Storey Detached Home, 9 Ft Ceiling on Main. Features A Functional Layout, shines with care and quality. Sunlight streams across rich hardwood floors on both living levels. Upstairs; four generous bedrooms and three full baths offer plenty of space for a growing family. The professionally renovated lower level adds a cozy retreat with an extra bedroom and full bath- perfect for guests or teens. Step outside to your own fully fenced private backyard that kids will love. All this, minutes from top-rated schools, lush parks, community hubs, transit, and daily shopping.
MississaugaInvestor.ca
11 Melbourne Drive
Detached · 5bd/5ba · ~3,250 sqft
$1,780,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.2%
Monthly Cash Flow
-$6,409/mo
Estimated Rent
$4,800/mo
Cash-on-Cash
-19.67%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,800 |
| Mortgage | −$8,193 |
| Property Tax | −$1,068 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,483 |
| Vacancy (5%) | −$240 |
| Cash Flow | -$6,409/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,600 |
| Vacancy (5%) | −$2,880 |
| Property Tax | −$12,816 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$17,800 |
| Annual NOI | $21,404 |
| Cap Rate | 1.2% |
Cash Required to Close
| Down Payment (20%) | $356,000 |
| Ontario Land Transfer Tax | $32,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $391,075 |
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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