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Royal LePage
Royal LePage
$389,900

548 Mary Street, Hamilton, ON, L8L 4X7

QuickQuoteTM: Not Available
MLS® # 40680019

2 Beds

2 Baths

630 FEETSQ sqft

Property Information:

ATTENTION INVESTORS & HANDYMEN!!! Looking for a great investment opportunity or a great value for a home you could call your own. This is the PERFECT opportunity, great location close to Bayfront Park, downtown and HWY access. The project is already started - the home is down to the studs and awaits your vision. Want BIGGER and BETTER, ask about a potential immediate construction opportunity. DO NOT MISS your INVESTMENT opportunity at a great price and in a great location, this does not come along every day!

Inclusions: None

Building Features:

  • Floor Space: 630 Square Feet

Property Features:

  • Bedrooms: 2
  • Bathrooms: 1+1
  • Acres Range: < 0.5
  • Architectural Style: Bungalow
  • Basement: Walk-Up Access, Partial, Unfinished
  • Construction Materials: Vinyl Siding, Wood Siding
  • Cooling: Central Air
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 630 Square Feet
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Main Level
  • Lot Depth: 148.19 Feet
  • Lot Features: Urban, Park, Public Transit, Schools
  • Lot Frontage: 32.06 Feet
  • Parking Features: Mutual/Shared
  • Road Frontage Type: Municipal Road, Public Road, Year Round Road
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: D
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 1

Rooms:

  • Living Main Level 4.01 X 4.17
  • Kitchen Main Level 3.81 X 3.43
  • Bedroom Main Level 2.67 X 3.51
  • Bedroom Main Level 2.84 X 3.48
  • Bathroom Main Level 1.45 X 1.35
  • Bathroom Main Level 2.16 X 2.18

Courtesy of: RE/MAX Escarpment Realty Inc.

This listing content provided by Brokers PlaybookTM

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Potential Investment Performance

Cumulative ROI

147.7%

Cumulative Market Appreciation

$107,722

Net Operating Income in Year 5

$27,099

Cash on Cash Return in Year 5

6.8%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$77,980
Mortgage Amount $311,920
Mortgage Payment
%
$1,618

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,647
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $666
Net Operating Income $1,980
Debt Service
Mortgage Payment $1,618
Net Cash Flow $362

Cap Rate

6.10%

Acquistion Costs

Down Payment $77,980
Land Transfer Tax $4,323
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $84,303

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $77,980 - - - - - - - - -
Closing Costs $6,323 - - - - - - - - -
Mortgage Paydown $4,853$5,086$5,330$5,587$5,855$6,137$6,432$6,741$7,065$7,404
Total $89,156$5,086$5,330$5,587$5,855$6,137$6,432$6,741$7,065$7,404
Cash Invested $89,156$94,242$99,573$105,160$111,016$117,153$123,585$130,326$137,391$144,796
Rental Cash Flows
Rent and other income $31,773$32,726$33,708$34,719$35,761$36,834$37,939$39,077$40,249$41,457
Operating Expenses -$8,002-$8,204-$8,412-$8,626-$8,845-$9,070-$9,300-$9,537-$9,780-$10,030
Mortgage Payment -$19,421-$19,421-$19,421-$19,421-$19,421-$19,421-$19,421-$19,421-$19,421-$19,421
Net Cash Flow $4,350$5,100$5,874$6,672$7,494$8,342$9,217$10,118$11,047$12,005
Returns
Property Price Appreciation $19,495$20,469$21,493$22,567$23,696$24,881$26,125$27,431$28,802$30,243
Mortgage Paydown $4,853$5,086$5,330$5,587$5,855$6,137$6,432$6,741$7,065$7,404
Net Cash Flow $4,350$5,100$5,874$6,672$7,494$8,342$9,217$10,118$11,047$12,005
Total Return $28,698$30,656$32,698$34,827$37,046$39,361$41,774$44,291$46,915$49,653
Cumulative Return $28,698$59,355$92,053$126,881$163,927$203,289$245,063$289,354$336,270$385,923
Investment Metrics
Cumulative ROI 32.2% 63.0% 92.4% 120.7% 147.7% 173.5% 198.3% 222.0% 244.8% 266.5%
Cash On Cash 4.9% 5.4% 5.9% 6.3% 6.8% 7.1% 7.5% 7.8% 8.0% 8.3%
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Market Price Trends

All Properties

8.27%

Price change (1 year)

55.62%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 548 Mary Street, Hamilton, ON, L8L 4X7

Demographic Information of 548 Mary Street, Hamilton, ON, L8L 4X7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$90,606.02

Average Number of Children

1.90

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.36 %

High school certificate or equivalent

30.51 %

Apprenticeship trade certificate/diploma

6.67 %

College/non-university certificate

17.43 %

University certificate (below bachelor)

0.75 %

University Degree

17.28 %

Commuter

Travel To Work

By Car

78.3 %

By Public Transit

15.55 %

By Walking

3.2 %

By Bicycle

0.0 %

By Other Methods

2.95 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

43.03 %

Houses

56.97 %

Own Vs. Rent

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