83 Riverdale Drive, Hamilton
Hamilton
$769,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
60
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,400/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
Move in & Enjoy, Single Family Home, In-Law Set Up, 3+1 Bedrooms, 2 Kitchens, 2 Full Bathrooms, Loaded with Upgrades, New Flooring, Interior Doors, Baseboards & Trims, No Carpet, 24" x 48" Tiles, Quartz Counter Top & Backsplash, Island with Quarts Counter Top, 2 Electric Fireplaces, Bar in the Basement, Breaker Panel, Inter Connected Carbon Monoxide & Smoke Detectors, Double Concrete Driveway & Patio, Shed, Very Convenient Location close to all Amenities, Must see inside, All Sizes Approx.
MississaugaInvestor.ca
83 Riverdale Drive
Detached · 4bd/2ba · ~1,300 sqft
$769,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.39%
Monthly Cash Flow
-$1,372/mo
Estimated Rent
$4,050/mo
Cash-on-Cash
-9.75%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,050 |
| Mortgage | −$3,544 |
| Property Tax | −$808 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$642 |
| Vacancy (5%) | −$203 |
| Cash Flow | -$1,372/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$48,600 |
| Vacancy (5%) | −$2,430 |
| Property Tax | −$9,701 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,699 |
| Annual NOI | $26,070 |
| Cap Rate | 3.39% |
Cash Required to Close
| Down Payment (20%) | $153,980 |
| Ontario Land Transfer Tax | $11,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $168,853 |
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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