What rent does a $775,000 rental need in Canada?
About $5,125/month CAD to break even, and $5,375/month for $200 of monthly cash flow — with 20% down at a 5% rate.
Assumes typical costs: property tax 0.8% and insurance 0.35000000000000003% of the price per year, 5% vacancy, 10% of rent for repairs, and a 25-year amortization with semi-annual compounding. Plug in your real numbers on the right.
| Rate | 20% down: break even / +$200 | 25% down: break even / +$200 |
|---|---|---|
| 4% | $4,725 / $4,950 | $4,475 / $4,725 |
| 4.5% | $4,925 / $5,150 | $4,675 / $4,900 |
| 5% | $5,125 / $5,375 | $4,875 / $5,100 |
| 5.5% | $5,350 / $5,575 | $5,050 / $5,300 |
The 1% rule would ask for $7,750/month. It's a quick screen only — taxes, insurance and the rate decide the real answer.
Quick check
Canada · CAD
Monthly cash flow
$220/mo
Preliminary verdict
Proceed with caution
Cash flow is positive, but the cushion over the mortgage is thin.
- Cash flow
- $220/mo
- Cap rate
- 5.92%
- DSCR
- 1.06
Counted
Mortgage (25-yr, semi-annual compounding), property tax ~0.8%/yr, insurance ~0.35%/yr, 5% vacancy, 10% of rent for repairs.
Not counted yet
Land transfer tax, legal fees, condo fees, a property manager, and your actual tax and insurance quotes. Add them in the full analysis.
How we calculate · An estimate to screen deals, not financial advice.
Other prices
Related: rental property calculator · DSCR calculator · cap rate calculator