
1161 4TH CONCESSION Road, Hamilton
Hamilton
$349,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Modular Home
Bedrooms
2
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,800/mo
Estimated from market price-to-rent ratios
Remarks
YEAR ROUND PROPERTY on SPACIOUS LOT!!! Once you buy in Olympia Village it is not likely you will ever want to leave. Homes to do not come up in the park very often do not miss the BEST ONE!!!!! This great OVER 1400 SQ FT property offers two great sized bedrooms & the convenience of two baths. The spacious Liv Rm offers a double sided See-Through Napoleon fireplace & plenty of windows to enjoy nature, Din Rm is open to the Kitch giving ample space for family & friends and the lg Kitch offers two tiered island/breakfast bar with seating and plenty of solid wood cabinets and walk-out to the lg 10 x 20 deck with hard roof, extending your entertaining space. There is also a bonus office space and your own private laundry in suite. The property is complete with the master retreat which includes a walk-in closet & 4 pce spa like Ensuite with Jacuzzi tub and separate shower. There is also an additional spacious bedroom and 3 pce bath. Prepare to be WOWED by the wrap around deck, amazing Sun Rm/Solarium offers 3 seasons of additional living space. Looking for sense of community this great park offers, bingo, Horseshoes, darts, euchre & washers as well as dances every other week, Christmas in July, Halloween in June and huge family day in August - all FREE. Let your FUN summer begin!!! BONUSES: Washer/Dryer & Hot Water Heater only 5 years old, Easy Maintenance eavestroughs with Leaf filters installed.
MississaugaInvestor.ca
1161 4TH CONCESSION Road
Modular Home · 2bd/2ba · ~1,300 sqft
$349,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.83%
Monthly Cash Flow
-$785/mo
Estimated Rent
$1,800/mo
Cash-on-Cash
-12.28%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,800 |
| Mortgage | −$1,611 |
| Property Tax | −$367 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$292 |
| Vacancy (5%) | −$90 |
| Cash Flow | -$785/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,600 |
| Vacancy (5%) | −$1,080 |
| Property Tax | −$4,409 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$3,499 |
| Annual NOI | $9,912 |
| Cap Rate | 2.83% |
Cash Required to Close
| Down Payment (20%) | $69,980 |
| Ontario Land Transfer Tax | $3,724 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $76,704 |
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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