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406 - 543 Richmond Street W
Waterfront Communities C1, Toronto
$319,990
Opportunity At Pemberton Group's 543 Richmond Residences At Portland. Nestled In The Heart Of The Fashion District 543 Richmond Is Steps From The Entertainment District Minutes From The Financial District. Building Amenities Include: Fitness Centre, Party Rm, Outdoor Pool + More! Studio Features Bath W/ Balcony & Floor-To-Ceiling. 9Ft Smooth Ceilings, Wide Plank Laminate Flooring, Stainless Steel Kitchen Appliances, Quartz Counter Tops. 9Ft Smooth Ceilings, Wide Plank Laminate Flooring, Stainless Steel Kitchen Appliances, Quartz Counter Tops. North Exposure.
No extras listed.
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What the bank counts
This home's estimated carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,638
- Property tax (estimated)
- $0
- Heat allowance
- $150
- Condo fees, half counted
- $172
- Housing costs
- $1,960 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$60,000
gross annual household income
- Payment at 4%
- $1,347 / mo
- Cash down
- $63,998
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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