About the property (MLS: 1271255):
Listing only, property is under contract. (id:56688)
Property Details
MLS: 1271255
Listing ID: 26807435
Address: 16 Smithville Crescent, St John's, Newfoundland & Labrador, Canada A1B2V2
Status: Active
Last updated: 2 months ago ( Jan 2, 2025 )
Year Built: 1964
Property Type: Industrial
Structure Type: Other
Ownership Type: Freehold
Heating: Hot water radiator heat, Oil
Living Area Total: 8,713 square feet
Price per sq ft: $92
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Oil
Common Interest: Freehold
Business Type: Institutional
Number of photos available: 2
Rurl
Coordinates: [47.57871, -52.723509]
Listing ID: 26807435
Address: 16 Smithville Crescent, St John's, Newfoundland & Labrador, Canada A1B2V2
Status: Active
Last updated: 2 months ago ( Jan 2, 2025 )
Year Built: 1964
Property Type: Industrial
Structure Type: Other
Ownership Type: Freehold
Heating: Hot water radiator heat, Oil
Living Area Total: 8,713 square feet
Price per sq ft: $92
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Oil
Common Interest: Freehold
Business Type: Institutional
Number of photos available: 2
Rurl
Coordinates: [47.57871, -52.723509]
Rooms
Basic Calculator
First Mortgage: $639,920
Mortgage insurance premium: $0
Total Financing: $639,920
Rough closing fee (1.5%): ~ $11,999
Total downpayment with estimated closing fee: $171,979
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $9,585 | $115,020 |
Gross rental income (income/principal ratio) | 1.198% | 14.379% |
Mortgage | $0 | $0 |
Monthly Expenses | $1,000 | $12,000 |
Vacancy | $480 | $5,751 |
Management Fee | $767 | $9,202 |
Expense / Income Ratio | 10.43% | 10.43% |
Cash Flow | $7,339 | $88,068 |
Net Operating Income (NOI) | $7,339 | $88,068 |
Capitalization Rate | 0.92% | 11.01% |
Capitalization Rate: 11.01%
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).): $1,142,715