382 Beach Road
Industrial Sector, Hamilton
$435,000
Welcome to your newly Renoed starter home. This 1 plus 1 bedroom has great potential to get your foot in real estate. with only 5%down you can get this great investment that can pay almost 60% of your mortgage payments. why rent when you can own and get tenant to pay your mortgage. located in center of Hamilton, this home offers all new features, bright one windows and a variety of improvements. The finishes are like living in a brand me condo without the maintenance fee.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,600 |
| Lot Size | 26.42 ft x 122.39 ft |
| mls© Number | X13481702 |
| Listed By | CITYVIEW REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,227
- Property tax
- $300
- Heat allowance
- $150
- Housing costs
- $2,677 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$82,000
gross annual household income
- Payment at 4%
- $1,831 / mo
- Cash down
- $87,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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