111 TIPP Drive, Richmond Hill
Richmond Hill
$969,990
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE ELITE REALTY
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Estimated from market price-to-rent ratios
Remarks
NOW AVAILABLE ! A LOVELY TOWNHOUSE END UNIT TO BE BUILT BY REGAL CREST HOMES. 1731 SQ.FT. 3 BEDROOM . PRICE IS INCLUSIVE OF HST ( HASSLE FREE BUY ), NO SIDEWALK SO PARK 3 CARS TOTAL AND WITH THIS BLOCK AC IS INCLUDED. NOTE $ 15,000 IN DECOR IS ALSO AVAILABLE: PLEASE NOTE YOU WILL HAVE HARDWOOD THRU HOME ( CARPET FREE), SMOOTH CEILINGS, QUARTZ/GRANITE COUNTERS, KITCHEN BACKSPLASH &THE $15K TO SPEND AS YOU LIKE IN OUR MODERN DECOR CENTRE. ENJOY FLEX/MEDIA SPACE ON MAIN FLOOR WITH SPACIOUS GREAT ROOM AND BEAUTIFUL BREAKFAST BAR WITH TONS OF CABINETS. SLIDING DOOR TO YARD. ALONG WITH ALL THESE AMAZING FEATURES , WE ARE MIN TO HWY 404, GORMLEY GO STATION AND SHOPPING , GOLF AND SO MUCH MORE ..
MississaugaInvestor.ca
111 TIPP Drive
Att/Row/Townhouse · 3bd/3ba · ~1,750 sqft
$969,990
Cash-Flow Report · August 3, 2026
Cap Rate
1.7%
Monthly Cash Flow
-$3,088/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-17.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$4,465 |
| Property Tax | −$582 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$808 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$3,088/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$6,984 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,700 |
| Annual NOI | $16,526 |
| Cap Rate | 1.7% |
Cash Required to Close
| Down Payment (20%) | $193,998 |
| Ontario Land Transfer Tax | $15,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $212,873 |
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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