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606 - Town of Rockland, Clarence-Rockland
$399,900
INCOME OPPORTUNITY! Excellent long-term tenant-occupied, two-bedroom bungalow ideally located in the heart of Rockland, close to shopping and all the required everyday amenities. A great opportunity for investors seeking a property with an established tenant and immediate rental income.This carpet-free home offers a practical main-level layout with generously sized living spaces, including a comfortable living room, functional kitchen, primary bedroom, secondary bedroom, full main bathroom and convenient mudroom. The layout provides easy one-level living and makes excellent use of the available space. The full lower level is unfinished and features low ceiling height, offering useful storage space and housing the laundry area. The basement is not intended as additional living space but provides practical utility and storage. A partially fenced side yard with deck extends the summer living space. Currently leased at $898/month, including water, with hydro costs approximately $375/month. The property is occupied by a lovely, cooperative long-term tenant who is willing to remain, providing an excellent opportunity for a buyer looking for a stable rental arrangement from day one. Parking for one vehicle is conveniently located directly in front of the home. Located in a central Rockland setting with easy access to schools, green space, recreational facilities and local amenities, this property offers an appealing combination of location, affordability and income potential. 24 hours' notice required for all showings. 72-hour irrevocable on offers.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,163 |
| Lot Size | 70 ft x 55 ft |
| mls© Number | X13677744 |
| Listed By | RE/MAX HALLMARK REALTY GROUP |
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%
- $2,047
- Property tax
- $264
- Heat allowance
- $150
- Housing costs
- $2,460 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$76,000
gross annual household income
- Payment at 4%
- $1,683 / mo
- Cash down
- $79,980
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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