128 East 39th Street, Hamilton
Hamilton
$539,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
10
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Beautifully updated and newly painted 1 1/2 storey home in a family-friendly East Mountain neighbourhood. This spacious property offers great curb appeal with a new driveway, new fence, and a large private yard perfect for families, entertaining, or future potential. Inside features 3 bedrooms, a 4-piece bathroom, large living room, eat-in kitchen, and a finished recreation room for added living space. Conveniently located close to schools, parks, shopping, amenities, the escarpment, and vibrant Concession Street. A fantastic opportunity in a great location! *Note-some pictures have been virtually staged*
MississaugaInvestor.ca
128 East 39th Street
Detached · 3bd/2ba · ~900 sqft
$539,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.31%
Monthly Cash Flow
-$1,447/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-14.68%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,485 |
| Property Tax | −$567 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$450 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,447/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$6,803 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,399 |
| Annual NOI | $12,458 |
| Cap Rate | 2.31% |
Cash Required to Close
| Down Payment (20%) | $107,980 |
| Ontario Land Transfer Tax | $7,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $118,253 |
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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