29 Goodview Street
S. John's, NL, A1C4G2
2 Beds | 1 Bath
$129,900
About the property (MLS: 1264133):
Cozy and quaint 2 BR home in a very convenient area with a building lot to the side included for extra parking or build a brand new place. Main floor has an eat in kitchen a cozy living room and a 3/4 bath/laundry combo. There's 2 BRS upstairs. New torched-on roof coating 6 years ago. There's plumbing on the second for for a bathroom if desired. Currently rented for $1,025/mo which includes a max of $200/mo towards utilities. Tenants wish to stay. (id:56688)
Property Details
MLS: 1264133
Listing ID: 26134053
Address: 29 Goodview Street, S. John's, Newfoundland & Labrador, Canada A1C4G2
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1940
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 650 square feet
Price per sq ft: $200
Tax Annual Amount: $871
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 13
Rurl
Coordinates: [47.562781, -52.713911]
Listing ID: 26134053
Address: 29 Goodview Street, S. John's, Newfoundland & Labrador, Canada A1C4G2
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1940
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 650 square feet
Price per sq ft: $200
Tax Annual Amount: $871
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 13
Rurl
Coordinates: [47.562781, -52.713911]
Rooms
| Second level | Bedroom Bedroom | 12-6 x 9 feet 14 x 8-6 feet |
| Main level | Living room Kitchen | 10 x 9 feet 11 x 9 feet |
Basic Calculator
First Mortgage: $103,920
Mortgage insurance premium: $0
Total Financing: $103,920
Rough closing fee (1.5%): ~ $1,949
Total downpayment with estimated closing fee: $27,929
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $716 | $8,592 |
| Gross rental income (income/principal ratio) | 0.551% | 6.614% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $163 | $1,956 |
| Vacancy | $36 | $430 |
| Management Fee | $58 | $688 |
| Expense / Income Ratio | 22.77% | 22.77% |
| Cash Flow | $460 | $5,520 |
| Net Operating Income (NOI) | $460 | $5,520 |
| Capitalization Rate | 0.35% | 4.25% |
Capitalization Rate: 4.25%
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).): $185,572
