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TelephoneEmail16 Terry Lane, St.John’s, Newfoundland & Labrador, Canada A1H1A5

16 Terry Lane

St.John’s, NL, A1H1A5

location

2 Beds | 2 Baths

$499,900

16 Terry Lane St.John’s Newfoundland & Labrador Canada A1H1A5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1268960):

This Modern Style split entry home is situated in the beautiful community of Galway living. The main level features an open concept design, custom kitchen complete with a large island, patio access , dining, living room, laundry, main bath, primary bedroom and ensuite. The basement is undeveloped and ready for your vision. There is an option to include a sunspace sunroom ( exclusive to Core Contracting ). The exterior is fully landscaped and complete with brick and wood siding on the front. Enjoy Galway living and the convenience of Costco and all amenities in your neighborhood. The Core Contracting Team takes pride in working with high integrity while bringing you the highest quality construction. (id:56688)

Property Details
MLS: 1268960
Listing ID: 26662361
Address: 16 Terry Lane, St.John’s, Newfoundland & Labrador, Canada A1H1A5
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 2,057 square feet
Price per sq ft: $244
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: Other
Exterior Features: Wood shingles, Stone, Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.50301, -52.832845]

Rooms

Main level
Bedroom
Primary Bedroom
Dining room
Living room
Kitchen
12’6” x 11 feet
12’6” x 14 feet
12’10” x 9 feet
13 x 12’6” feet
12’10” x 10 feet

Basic Calculator



First Mortgage: $399,920

Mortgage insurance premium: $0

Total Financing: $399,920

Rough closing fee (1.5%): ~ $7,499

Total downpayment with estimated closing fee: $107,479

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$2,263$27,156
Gross rental income (income/principal ratio)0.453%5.432%
Mortgage$0$0
Monthly Expenses$625$7,500
Vacancy$114$1,358
Management Fee$182$2,173
Expense / Income Ratio27.62%27.62%
Cash Flow$1,344$16,128
Net Operating Income (NOI)$1,344$16,128
Capitalization Rate0.27%3.23%
Capitalization Rate: 3.23%
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).): $714,143