New5 days ago
62 Ocean Ridge Drive
Sandringham-Wellington, Brampton
$1,249,999
Detached|2-Storey
4 | 4 | 6
About this home
Owner Has 2 Dogs on Property. Please Ring Doorbell Before Entering(Waiting@least 1min Before Entering
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 16-30 |
| Size | 3000-3500 sq. ft. |
| Property Tax | $8,825 |
| Lot Size | 50.85 ft x 88.58 ft |
| mls© Number | W14084522 |
| Listed By | EXP REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,398
- Property tax
- $735
- Heat allowance
- $150
- Housing costs
- $7,283 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $250,000
25-yr amortization
Income needed
$224,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $250,000
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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