764 King Street
East L, London East
$445,000
Great property to add to your investment portfolio. New tenant on month to month rental basis. Large house with a fully fenced yard a short distance from Western Fair, Gateway Casinos London, the Weekend Market, Fanshawe College and Downtown. This 3 bedroom, two bathroom house is tenanted with rent of $2500 per month plus utilities. King street has recently undergone a massive rebuild with one way vehicle traffic and two way bus and emergency vehicle lanes. The input of our tax dollars has improved the area and curb appeal. The cap rate makes this a money maker for any investor. Separate entrance makes this one that could be duplexed.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $2,297 |
| Lot Size | 33.17 ft x 164 ft |
| mls© Number | X13555242 |
| Listed By | SUTTON GROUP - SELECT REALTY |
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%
- $2,278
- Property tax
- $191
- Heat allowance
- $150
- Housing costs
- $2,619 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$81,000
gross annual household income
- Payment at 4%
- $1,873 / mo
- Cash down
- $89,000
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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