81 Holmes Avenue
Ainslie Wood, Hamilton
$630,000
Prime McMaster University Student Rental Investment! This Turnkey 6-Bedroom, 2-Bathroom Home Is Currently Fully Rented To Students And Generates Approximately $4,900/Month In Rental Income, Or $58,800 Annually. Featuring 3 Bedrooms On The Main Level And 3 Bedrooms On The Lower Level, This Property Offers An Ideal Layout For Student Tenants. Excellent Location Just Minutes To McMaster University, McMaster Hospital, Shopping, Restaurants And Public Transit. Numerous Recent Updates Include New Laminate Flooring And Freshly Painted Throughout In 2022, New Furnace In 2023, And New Washer & Dryer In 2024. A Strong Cash-Flowing Investment With Excellent Student Rental Demand And Convenient Access To McMaster University. Perfect For Investors Looking For A Turnkey Income Property With Significant Rental Income And Long-Term Investment Potential! MUST SEE!!
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,812 |
| Lot Size | 25.05 ft x 100.16 ft |
| mls© Number | X13871464 |
| Listed By | EXP 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%
- $3,225
- Property tax
- $401
- Heat allowance
- $150
- Housing costs
- $3,776 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$116,000
gross annual household income
- Payment at 4%
- $2,651 / mo
- Cash down
- $126,000
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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