Explore how your savings could cover a rental property down payment, closing costs and reserves. Model rental cash flow and discuss the next step with Tajwar.
What could your cash make possible?
Explore a conventional residential rental purchase. Start with your savings, keep a reserve, then test the numbers. This is a cash and cost model—not a borrowing assessment or investment recommendation.
Assumes at least 20% down for a conventional rental purchase. A lender may require more. Excludes income qualification, credit review, extra property titles, renovations, income tax, capital gains tax, selling costs and non-resident taxes. No first-time buyer refunds are applied. Legal/other costs are editable estimates.
A property plan starts with questions.
This tool does not recommend a property, security, syndicated mortgage or private mortgage investment. It does not assess suitability, promise returns or guarantee financing. Discuss income, credit, property condition, tenant obligations, taxes and your capacity for losses with appropriately qualified professionals before committing funds.
Request a planning conversationRental property planning scenario
AKAL Elevate Mortgages · ON #13835 · AB #00653331 · Tajwar Rahman, mortgage broker
Illustrative personal worksheet. Not an approval, offer, investment recommendation or promised return.
Purchase assumptions
- Province
- Ontario
- Available cash
- $50,000
- Reserve
- $10,000
- Target price
- $350,000
- Down payment
- 20%
- Legal costs
- $2,000
- Other purchase costs
- $1,500
- Illustrative rate
- 5%
- Amortization
- 25 years
- Monthly savings
- $750
Rental assumptions
- Monthly rent
- $2,200
- Annual property tax
- $3,600
- Monthly insurance
- $120
- Monthly condo fees
- $0
- Monthly utilities
- $0
- Vacancy
- 5% of rent
- Maintenance
- 5% of rent
- Management
- 8% of rent
Modelled results
- Cash-based price ceiling
- $175,000
- Total cash requirement
- $87,225
- Cash shortfall
- $37,225
- Mortgage payment
- $1,628
- Monthly cash flow before tax
- -$244
- Monthly cash flow at rate +2 points
- -$577
Conventional rental model with at least 20% down; no first-time buyer refunds. Cash capacity is not borrowing qualification. Excludes income/credit assessment, renovation, income and capital gains tax, sale costs, additional titles and non-resident taxes. Rents, rates, expenses and property values can change. Mortgage payments assume Canadian fixed-rate semi-annual compounding. Do not commit funds based on this worksheet.
Discuss this scenario: (647) 526-7533 · info@elevatemortgages.co
What does the rental property planner actually show?
It models cash allocation, a conventional rental down payment, reserves and operating cash flow using your assumptions. It is not an investment recommendation, a return forecast or a mortgage approval.
A useful way to test your assumptions
Start with your available cash, preserve a reserve and enter realistic operating expenses. Test lower rent, vacancy and maintenance costs. Positive modelled cash flow does not establish that the property or borrower qualifies.
Calculations stay in your browser. You can explore without signing up or authorizing a credit check.
Calculation references: FCAC: QualificationCMHC: Mortgage calculationsFCAC: Down payments · Reviewed October 7, 2026
Use the estimate as a starting point.
Change the inputs to explore what is comfortable for you. A lender’s decision also depends on your credit, verified income, the property and its own requirements. These tools do not pre-approve you or provide a rate quote.
The planner models a conventional rental purchase with at least 20% down. Cash capacity does not establish mortgage affordability. Rates and costs are illustrative; returns, rent and future property values are not guaranteed.
A real conversation. Clear options. A plan built around you.