51 Delena Avenue, Hamilton
Hamilton
$505,000
Cash flow, cap rate & mortgage breakdown
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Listed by iCloud Realty Ltd.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Absolutely Charming Detached In A Great Neighbourhood And Excellent Location, Close To Shopping, Parks, Highways, Transportation. Wood Floors Thru Out No Carpets. Eat In Kitchen With Granit Counter top with movable Islands White Kitchen Cabinets With Window Over Kitchen Sink. Living Room/Dining Room Off Kitchen With Walk Out To Deck & Huge Backyard. 2nd Level Features Bedroom With 2 Pc Ensuite, Walk In Closet, & Den. Main Floor Features Bedroom 4 Pc Bath, Wood Flooring, Huge Picture Window. 4 Pc Bath, Ceramic Floors. Kitchen Features White Cabinets, Ceramic Floors, Window Over The Sink. Ceramic Entrance & Hallway. Dining Room Wood Floors, Living Room/Family Room Is Spacious With Lots Of Windows & W/O To Huge Deck. Private Backyard & Shed. Finished Basement With Rec Room & Laundry. This Lovely Home has 2 Parking For Two Cars. Home is Equipped With 125 Amp Service To Accommodate Your Devices. All Windows In This Home Is Above grade. Additional Features Are Stainless Steel Appliances. Furnace, Central Air & Hot Water Tank Are Owned. This Home Has Lots Of Windows Which Makes It Bright & Sunny. Show It You Won't Be Disappointed.
MississaugaInvestor.ca
51 Delena Avenue
Detached · 3bd/2ba · ~900 sqft
$505,000
Cash-Flow Report · August 2, 2026
Cap Rate
2.51%
Monthly Cash Flow
-$1,268/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-13.76%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,324 |
| Property Tax | −$530 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$421 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,268/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$6,363 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,050 |
| Annual NOI | $12,677 |
| Cap Rate | 2.51% |
Cash Required to Close
| Down Payment (20%) | $101,000 |
| Ontario Land Transfer Tax | $6,575 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $110,575 |
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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