59 Great Southern Drive, St. John's, NL A1H0M7

59 Great Southern Drive

St. John's, NL, Canada A1H0M7

3 Beds | 3 Baths

$399,900

59 Great Southern Drive St. John's Newfoundland & Labrador Canada A1H0M7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki

416-873-4676

haris@barki.co

REALTOR ®

Keller Williams Platinum Realty

About the property (MLS: 1269519):

CONSTRUCTION STARTING SOON, OCCUPANCY FALL, 2024! Modeled after the popular 'Townhome' semi-detached plan, 'The Charlottetown' is an affordable yet modern & energy-efficient home located in highly sought after River’s Edge, Southlands, mere minutes to the Shoppes at Galway, Merchant Drive in Mount Pearl and the grand concourse trails of Southlands. Named after the town nestled along Clode Sound in Terra Nova National Park, this open-concept design is being constructed by NEW VICTORIAN HOMES and offers 3 bedrooms with 2.5 bathrooms including a 3pc ensuite and walk-in closet in the master and full front & rear landscaping plus a covered rear deck. Ideal for the first time buyer! Note that the front photo is a rendering and final finishes may differ. Interior photos are of a previously built semi-detached Townhome and may differ from final finishes. Property taxes are estimated. Price includes a 10 year Atlantic New Home Warranty with the first year covered by the builder. (id:56688)

Property Details

MLS: 1269519
Listing ID: 26737427
Address: 59 Great Southern Drive, St. John's, Newfoundland & Labrador, Canada A1H0M7
Year Built: 2024
Property Type: Single Family
Architectural Style: 2 Level
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating Type: Electric
Sewer: Municipal sewage system
Flooring: Carpeted, Ceramic Tile, Laminate
Area: 1,800 square feet
Price per sq ft: $223
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Number of photos available: 42
Coordinates: [47.498653, -52.816134]

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $319,920

Mortgage insurance premium: $0

Total Financing: $319,920

Rough closing fee (1.5%): ~ $5,999

Total downpayment with estimated closing fee: $85,979

0000

Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$1,981	$23,772
Gross rental income (income/principal ratio)	0.495%	5.944%
Mortgage	$0	$0
Monthly Expenses	$500	$6,000
Vacancy	$100	$1,189
Management Fee	$159	$1,902
Expense / Income Ratio	25.24%		25.24%
Cash Flow	$1,224	$14,688
Net Operating Income (NOI)	$1,224	$14,688
Capitalization Rate	0.31%	3.67%

Capitalization Rate: 3.67%

After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $571,286

Scores

Explore St. John's on Walk Score

Full Name *

Email *

Message? *