262 Main Road
St. John's, NL, A1S1H9
3 Beds | 1 Bath
$125,000
About the property (MLS: 1271956):
This property is located on the main road in the Goulds and has great potential. Currently rented by the room with details of rental rates available from your Realtor® at request. An ideal investment opportunity for someone looking for a property with positive cash flow. With some TLC this bungalow could become a sweet home. (id:56688)
Property Details
MLS: 1271956
Listing ID: 26870702
Address: 262 Main Road, St. John's, Newfoundland & Labrador, Canada A1S1H9
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1954
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Mixed Flooring
Living Area Total: 980 square feet
Price per sq ft: $128
Tax Annual Amount: $1,223
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 14
Rurl
Coordinates: [47.470674, -52.770262]
Listing ID: 26870702
Address: 262 Main Road, St. John's, Newfoundland & Labrador, Canada A1S1H9
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1954
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Mixed Flooring
Living Area Total: 980 square feet
Price per sq ft: $128
Tax Annual Amount: $1,223
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 14
Rurl
Coordinates: [47.470674, -52.770262]
Rooms
| Main level | Bedroom Bedroom Bedroom Bath (# pieces 1-6) Living room Not known | 10 X 12 feet 10 X 11 feet 11 X11 feet 4PC feet 10 X 16 feet 10.5 X 13 feet |
Basic Calculator
First Mortgage: $100,000
Mortgage insurance premium: $0
Total Financing: $100,000
Rough closing fee (1.5%): ~ $1,875
Total downpayment with estimated closing fee: $26,875
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,078 | $12,936 |
| Gross rental income (income/principal ratio) | 0.862% | 10.349% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $157 | $1,884 |
| Vacancy | $54 | $647 |
| Management Fee | $87 | $1,035 |
| Expense / Income Ratio | 14.56% | 14.56% |
| Cash Flow | $781 | $9,372 |
| Net Operating Income (NOI) | $781 | $9,372 |
| Capitalization Rate | 0.62% | 7.50% |
Capitalization Rate: 7.50%
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).): $178,572
