21 Lynch Place
St. John's, NL, A1B4L8
3 Beds | 2 Baths
$369,900
About the property (MLS: 1266851):
This semi-detached raised bungalow with in house garage will be ready for occupancy in roughly two months. This is a very convenient location in the city of St. John's, just minutes from the Avalon Mall, Munn and Hospitals. It features an open concept living area with 2 bedrooms and a bath on main floor. Lower level consisting of a foyer, stairwell, laundry room, full bath room and 3rd bedroom. Exterior landscaping with paved driveway and a 10 x 10 deck to be included. (id:56688)
Property Details
MLS: 1266851
Listing ID: 26402901
Address: 21 Lynch Place, St. John's, Newfoundland & Labrador, Canada A1B4L8
Status: Active
Last updated: a year ago ( Jun 3, 2024 )
Year Built: 2023
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,507 square feet
Price per sq ft: $246
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.555711, -52.751204]
Listing ID: 26402901
Address: 21 Lynch Place, St. John's, Newfoundland & Labrador, Canada A1B4L8
Status: Active
Last updated: a year ago ( Jun 3, 2024 )
Year Built: 2023
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,507 square feet
Price per sq ft: $246
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.555711, -52.751204]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Kitchen Living room | 5.4x9.8 feet 9.10x11.6 feet 12.11x15.5 feet 13.10x9.4 feet 13.10x14.6 feet |
| Lower level | Foyer Laundry room Bath (# pieces 1-6) Bedroom | 5.8x11 feet 5.7x5.4 feet 7.10x5.4 feet 13.8x12.7 feet |
Basic Calculator
First Mortgage: $295,920
Mortgage insurance premium: $0
Total Financing: $295,920
Rough closing fee (1.5%): ~ $5,549
Total downpayment with estimated closing fee: $79,529
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,658 | $19,896 |
| Gross rental income (income/principal ratio) | 0.448% | 5.379% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $463 | $5,556 |
| Vacancy | $83 | $995 |
| Management Fee | $133 | $1,592 |
| Expense / Income Ratio | 27.93% | 27.93% |
| Cash Flow | $980 | $11,760 |
| Net Operating Income (NOI) | $980 | $11,760 |
| Capitalization Rate | 0.26% | 3.18% |
Capitalization Rate: 3.18%
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).): $528,429
