91 Larkhall Street Unit#A312
St. John's, NL, A1B2C5
2 Beds | 1 Bath
$149,900
About the property (MLS: 1267660):
This third floor unit is located on the doorsteps of Memorial University, Heath Sciences & a short walk to the Avalon Mall. This condo would make a great investment property, for those downsizing, students or the young professional. One parking space per unit, Laundry in building, A pleasure to view, all measurements to be verified by the purchaser. (id:56688)
Property Details
MLS: 1267660
Listing ID: 26485898
Address: 91 Larkhall Street Unit#A312, St. John's, Newfoundland & Labrador, Canada A1B2C5
Status: Active
Last updated: 2 years ago ( May 30, 2024 )
Year Built: 1955
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 650 square feet
Price per sq ft: $231
Tax Annual Amount: $1,348
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Brick, Vinyl siding
Cooling: Air exchanger
Common Interest: Condo/Strata
Association Fee: 295
Number of photos available: 1
Rurl
Coordinates: [47.569484, -52.748585]
Listing ID: 26485898
Address: 91 Larkhall Street Unit#A312, St. John's, Newfoundland & Labrador, Canada A1B2C5
Status: Active
Last updated: 2 years ago ( May 30, 2024 )
Year Built: 1955
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 650 square feet
Price per sq ft: $231
Tax Annual Amount: $1,348
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Brick, Vinyl siding
Cooling: Air exchanger
Common Interest: Condo/Strata
Association Fee: 295
Number of photos available: 1
Rurl
Coordinates: [47.569484, -52.748585]
Rooms
| Main level | Bedroom Primary Bedroom Kitchen Dining room Living room | 7.5 x 8.8 feet 11.5 x 13 feet 7 x 9 feet 6.8 x 10.8 feet 10 x 13.2 feet |
Basic Calculator
First Mortgage: $119,920
Mortgage insurance premium: $0
Total Financing: $119,920
Rough closing fee (1.5%): ~ $2,249
Total downpayment with estimated closing fee: $32,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $716 | $8,592 |
| Gross rental income (income/principal ratio) | 0.478% | 5.732% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $188 | $2,256 |
| Vacancy | $36 | $430 |
| Management Fee | $58 | $688 |
| Expense / Income Ratio | 26.26% | 26.26% |
| Cash Flow | $435 | $5,220 |
| Net Operating Income (NOI) | $435 | $5,220 |
| Capitalization Rate | 0.29% | 3.48% |
Capitalization Rate: 3.48%
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).): $214,143
