63 Herkes Drive, Brampton
Brampton
$724,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SERVICES INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
3
Bathrooms
2
Days on Market
7
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Estimated from market price-to-rent ratios
Remarks
Amazing 3 bedroom, 2 bath, all brick semi detached home on a premium 102' deep lot in desirable Fletchers West ! Renovated eat - in kitchen with bleached oak cupboards and four brand new stainless steel appliances ( 2026 ), spacious master bedroom with double closet, open concept great room with upgraded laminate floors and new picture window ( ordered and paid for ). Nicely finished rec room with gas fireplace, pot lights, high efficiency furnace, renovated bathrooms, freshly painted throughout, central air, enclosed porch and glass insert front door. Three new windows have been ordered and paid for by the sellers, reshingled roof, new laminate and broadloom throughout in 2026. Private fenced yard with mature trees and cedars, desirable South exposure, 2 car driveway, walking distance to schools, parks, shopping , historic Downtown Brampton and quick access to HWY # 407. Shows well and is priced below the most recent sales on the street !
MississaugaInvestor.ca
63 Herkes Drive
Semi-Detached · 3bd/2ba · ~900 sqft
$724,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.59%
Monthly Cash Flow
-$2,379/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-17.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$3,337 |
| Property Tax | −$683 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$604 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$2,379/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$8,191 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,249 |
| Annual NOI | $11,500 |
| Cap Rate | 1.59% |
Cash Required to Close
| Down Payment (20%) | $144,980 |
| Ontario Land Transfer Tax | $10,973 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $158,953 |
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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