811- 6 David Eyer Road, Richmond Hill
Richmond Hill
$589,999
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX PREMIER INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Elgin East! This 2 bedroom, 2 bathroom suite includes 1 underground parking spot and 1 storage locker. Mostly unobstructed balcony views! 84 square foot balcony. Some upgrades include: quartz waterfall island, chrome handheld shower, frameless sliding shower door in primary ensuite and a mirrored medicine cabinet in both bathrooms. Some finishes/features include: quartz countertops in kitchen, primary ensuite and the second bathroom, under cabinet LED lighting in the kitchen, smooth ceilings throughout, approx. 9 foot ceilings and built-in appliances. Pedestrian path to Elgin Mills for easy access on foot to property. Conveniently located near: Costco, Highway 404, restaurants and more!
MississaugaInvestor.ca
811- 6 David Eyer Road
Condo Apartment · 2bd/2ba · ~850 sqft
$589,999
Cash-Flow Report · July 31, 2026
Cap Rate
1.7%
Monthly Cash Flow
-$1,880/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-17.45%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,716 |
| Property Tax | −$354 |
| Insurance | −$225 |
| Condo Fee | −$722 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,880/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$4,248 |
| Insurance | −$2,700 |
| Condo Fee | −$8,664 |
| Annual NOI | $10,038 |
| Cap Rate | 1.7% |
Cash Required to Close
| Down Payment (20%) | $117,999.8 |
| Ontario Land Transfer Tax | $8,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $129,274.8 |
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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