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Listed 2 months ago

1206 Valentine Drive

, Cambridge

$599,000

Detached|Backsplit 4
3 | 2 | 3
About this home

Excellent family home in a great Preston location with the original family owners. Home is currently rented for $2,500 per month plus utilities until December 31, 2026 to excellent tenants. Great investment opportunity. This well kept property offers 3 bedrooms, 2 bathrooms, and a finished recreation room. The driveway is double width and the property sits on a 45 X 105' lot. Additional features are the enclosed front porch and enclosed back sunroom, The home has been updated as well as electrical receptacles and switches and there is copper wiring. Excellent location convenient to all amenities and convenient Hwy 401. Listing pics are shown with home being vacant and not with tenant's furniture.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBacksplit 4
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,106
Lot Size45 ft x 105.68 ft
mls© NumberX13492228
Listed ByRE/MAX K.L.S. Realty Inc.

Listing History

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  • 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%
$3,066
Property tax
$342
Heat allowance
$150
Housing costs
$3,558 / mo

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

Down payment20% · $119,800
25-yr amortization

Income needed

$109,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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