121 First Road, Hamilton
Hamilton
$1,079,900
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
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,000/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully maintained model home, offering just over 2,000 square feet of thoughtfully designed living space on a premium lot. Situated in a highly sought-after family-friendly neighbourhood this home showcases pride of ownership as it has been lovingly cared for by the original owner since it was built. Located on a quiet dead-end street, it offers the perfect blend of privacy and convenience, just minutes from schools, parks, shopping, restaurants, and everyday amenities. Inside, you'll find a spacious layout featuring new carpet and fresh painted throughout majority of the house. The generous primary suite offers a large walk-in closet and a private ensuite, creating the perfect retreat. The finished basement provides additional living space for a rec room, gym and ample storage. Step outside to enjoy the private backyard, ideal for relaxing or entertaining. With its spacious layout, peaceful setting, and unbeatable location, this is the perfect family home and a fantastic opportunity to own a move-in ready property in an exceptional neighbourhood. RSA
MississaugaInvestor.ca
121 First Road
Detached · 3bd/3ba · ~2,250 sqft
$1,079,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.66%
Monthly Cash Flow
-$4,380/mo
Estimated Rent
$3,000/mo
Cash-on-Cash
-22.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,000 |
| Mortgage | −$4,971 |
| Property Tax | −$1,134 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$900 |
| Vacancy (5%) | −$150 |
| Cash Flow | -$4,380/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,000 |
| Vacancy (5%) | −$1,800 |
| Property Tax | −$13,607 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,799 |
| Annual NOI | $7,094 |
| Cap Rate | 0.66% |
Cash Required to Close
| Down Payment (20%) | $215,980 |
| Ontario Land Transfer Tax | $18,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $237,053 |
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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