1406 Upper Sherman Avenue, Hamilton
Hamilton
$699,900
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by CRIMSON REALTY POINT INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Estimated from market price-to-rent ratios
Remarks
A Rare Opportunity at This Price! This detached two-storey home offers exceptional value in a prime location-perfect for first-time home buyers or investors looking to build equity and add value. Conveniently located just steps to public transit, grocery stores, elementary and secondary schools, with quick access to major highways for an easy commute. Enjoy being only a short drive-or a single bus ride-to Lime Ridge Mall and countless shopping, dining, and entertainment options. Featuring a newer furnace, flexible closing, and incredible potential to renovate or customize to your taste, this is a rare chance to own a detached home in a sought-after neighbourhood at an affordable price. Don't miss out!
MississaugaInvestor.ca
1406 Upper Sherman Avenue
Detached · 3bd/2ba · ~1,300 sqft
$699,900
Cash-Flow Report · August 3, 2026
Cap Rate
1.59%
Monthly Cash Flow
-$2,295/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-17.95%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$3,222 |
| Property Tax | −$735 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$583 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$2,295/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$8,819 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,999 |
| Annual NOI | $11,122 |
| Cap Rate | 1.59% |
Cash Required to Close
| Down Payment (20%) | $139,980 |
| Ontario Land Transfer Tax | $10,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,453 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.