12 Rainham Street, Hamilton

$599,900
12 Rainham Street

$599,900

New
17d
DetachedBungalow

12 Rainham Street, Hamilton

Total Monthly Obligation $3,205

HausQ Valuation Report
Beds
4
Baths
2
Park
2
Sqft
1100-1500
DOM
17d
Score
24
Yield
6.4%
Cash on Cash
2.6%
Cap Rate
5.1%
5Y IRR
17.6%
10Y IRR
16.3%
Property Type-Detached
MLS® Number-X13866886
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-46 × 100 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,920 (2026)
Parking-2 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-REALTY NETWORK
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Concrete Block
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Quinndale
Title-Residential Freehold

No agent assigned

Welcome to this 3+1 bedroom, 2 bathroom brick bungalow featuring updated kitchen & bathrooms. The separate entrance to the basement offers excellent in law potential. Conveniently located close to the linc, schools, parks, shopping and public transit. A great opportunity for families or multi-generation living! Some pictures are virtually staged.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,205/mo
Mortgage $2,420
Monthly Loss $2,568
Principal$637
Interest$1,783
Property Tax$410
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-3.0%4
5-Year IRR
13.3%60
10-Year IRR
13.2%
Returns Index
31.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$38,400/yr
NOI
$25,140/yr
Net Cash Flow
-$325/mo
Cash Margin
-10.2%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
28.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 12 Rainham Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.