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Listed 1 month ago

1076 King Street E

Eastdale, Oshawa

$925,000

Detached|2-Storey
4 | 4 | 7
About this home

4- Unit LEGAL Fourplex. Seller willing to hold first mortgage at 4% for a term of 4 years with a solid deposit. All Units With Separate Entrances, 4 Kitchens, 4 Baths, Own Electrical Breaker Box In 3 Units. Loads Of Parking on newly Paved Circular Driveway. Detached Maintenance Garage. Two Bedroom On 2nd Floor is recently vacated. New paint & flooring being installed. A Real Money Maker! Attached Income-Expense Chart . Also City Of Oshawa Legal Use Document.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,238
Lot Size139.83 ft x 0 ft
mls© NumberE13515662
Listed BySUTTON GROUP-HERITAGE REALTY INC.

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,735
Property tax
$520
Heat allowance
$150
Housing costs
$5,404 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $185,000
25-yr amortization

Income needed

$166,000

gross annual household income

Payment at 4%
$3,893 / mo
Cash down
$185,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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