New2 days ago
218 East 8th Street
Centremount, Hamilton
$399,000
Detached|Bungalow
2 | 1 | 1
About this home
Fantastic FLIP opportunity!! Backing onto Bruce Park and walking distance to schools, transport & shopping/restaurants. This 2 Bedroom bungalow awaits your finishing touching! Fantastic opportunity for a 1st time HOME BUYER to get into the market!! Large fully fenced backyard. Roof (2021), AC (installed in 2016).
Extras
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | < 700 sq. ft. |
| Property Tax | $3,500 |
| Lot Size | 25 ft x 139.08 ft |
| mls© Number | X13681930 |
| Listed By | RE/MAX ESCARPMENT 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%
- $2,042
- Property tax
- $292
- Heat allowance
- $150
- Housing costs
- $2,484 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $79,800
25-yr amortization
Income needed
$76,000
gross annual household income
- Payment at 4%
- $1,679 / mo
- Cash down
- $79,800
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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