3157 Palmer Drive, Burlington
Burlington
$950,000
Cash flow, cap rate & mortgage breakdown
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Listed by REAL BROKER ONTARIO LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,300/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 3157 Palmer Dr, a wonderful family home located in Burlington's sought-after Palmer neighbourhood. Nestled on a family friendly street, this home offers a private backyard perfect for relaxing, entertaining or enjoying time with family and friends. Inside you'll find a bright and inviting layout featuring a combined living/dining room, three spacious bedrooms, 2 full bathrooms, and an updated kitchen designed for every day living. Ideally situated close to schools, parks, shopping & every day amenities, this home also offers convenience with quick access to Highway 403/QEW/407 and the GO Train, making commuting a breeze. Whether you're a first-time buyer, growing family, or downsizing, this is the perfect place to call home.
MississaugaInvestor.ca
3157 Palmer Drive
Detached · 3bd/2ba · ~1,300 sqft
$950,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.75%
Monthly Cash Flow
-$2,991/mo
Estimated Rent
$3,300/mo
Cash-on-Cash
-17.22%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,300 |
| Mortgage | −$4,373 |
| Property Tax | −$736 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$792 |
| Vacancy (5%) | −$165 |
| Cash Flow | -$2,991/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,600 |
| Vacancy (5%) | −$1,980 |
| Property Tax | −$8,835 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,500 |
| Annual NOI | $16,585 |
| Cap Rate | 1.75% |
Cash Required to Close
| Down Payment (20%) | $190,000 |
| Ontario Land Transfer Tax | $15,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $208,475 |
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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