3- 40 Zinfandel Drive, Hamilton
Hamilton
$661,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
67
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Modern living at its finest! This stylish 3-bedroom, 3-bathroom townhome by DiCenzo Homes offers a functional layout with designer finishes throughout. The bright open-concept main floor features quartz countertops, upgraded kitchen cabinetry, vinyl plank flooring, and a cozy fireplace, perfect for everyday living and entertaining. A main-floor bedroom provides excellent flexibility for guests, a home office, or multi-generational living. The spacious primary bedroom boasts his-and-hers closets and a private 3-piece ensuite. Additional highlights include a central vacuum system, convenient parking with a 1-car garage plus driveway space, and true move-in-ready condition. Enjoy breathtaking views of the Niagara Escarpment, along with easy access to highways, schools, parks, waterfront trails, and shopping amenities. Ideal for families, professionals, or investors alike!
MississaugaInvestor.ca
3- 40 Zinfandel Drive
Condo Townhouse · 3bd/3ba · ~1,300 sqft
$661,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.09%
Monthly Cash Flow
-$1,891/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-15.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$3,042 |
| Property Tax | −$694 |
| Insurance | −$225 |
| Condo Fee | −$162 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,891/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$8,329 |
| Insurance | −$2,700 |
| Condo Fee | −$1,944 |
| Annual NOI | $13,817 |
| Cap Rate | 2.09% |
Cash Required to Close
| Down Payment (20%) | $132,200 |
| Ontario Land Transfer Tax | $9,695 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,895 |
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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