29 Edinburgh Street
St. John's, NL, A1C4R2
2 Beds | 2 Baths
$259,900
About the property (MLS: 1271856):
Are you First time Home Buyer? Investor? Retiring and looking to downsize? Well then 29 Edinburgh Street is the perfect opportunity for you! This beautiful 2-Storey home was built in 2016 and features 2 Bedrooms and 1.5 bathrooms. Centrally located on the quiet street of Edinburgh this home is near Memorial University, Grocery Stores, Downtown St. John's, the Avalon Mall, and much more! Whether its to rent, to retire, or to relax, Edinburgh has something to offer! (id:56688)
Property Details
MLS: 1271856
Listing ID: 26884750
Address: 29 Edinburgh Street, St. John's, Newfoundland & Labrador, Canada A1C4R2
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2016
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,380 square feet
Price per sq ft: $189
Tax Annual Amount: $2,063
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete Slab, Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.567395, -52.724676]
Listing ID: 26884750
Address: 29 Edinburgh Street, St. John's, Newfoundland & Labrador, Canada A1C4R2
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2016
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,380 square feet
Price per sq ft: $189
Tax Annual Amount: $2,063
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete Slab, Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.567395, -52.724676]
Rooms
| Lower level | Storage Laundry room Bath (# pieces 1-6) Bedroom Bedroom | 11 x 2.3 feet 6.2 x 5.6 feet 6.6 x 8.8 feet 12.3 x 8.7 feet 16.6 x 9.6 feet |
| Main level | Bath (# pieces 1-6) Kitchen Living room/Dining room | 4 x 4.2 feet 16.6 x 10 feet 20 x 13 feet |
Basic Calculator
First Mortgage: $207,920
Mortgage insurance premium: $0
Total Financing: $207,920
Rough closing fee (1.5%): ~ $3,899
Total downpayment with estimated closing fee: $55,879
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,519 | $18,228 |
| Gross rental income (income/principal ratio) | 0.584% | 7.013% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $325 | $3,900 |
| Vacancy | $76 | $912 |
| Management Fee | $122 | $1,459 |
| Expense / Income Ratio | 21.40% | 21.40% |
| Cash Flow | $997 | $11,964 |
| Net Operating Income (NOI) | $997 | $11,964 |
| Capitalization Rate | 0.38% | 4.60% |
Capitalization Rate: 4.60%
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).): $371,286
