29 Scotts Road N
Conception Bay South, NL, A1X6L5
4 Beds | 2 Baths
$339,900
About the property (MLS: 1271681):
Looking for a two-apartment home with ample parking? Look no further! The main unit has an open concept dining, living room and kitchen with sit up peninsula. The dining room leads to the back deck and green belt rear yard. There are two bedrooms and a full bath. The two-bedroom, above ground basement is also open concept and has plenty of light. (id:56688)
Property Details
MLS: 1271681
Listing ID: 26890244
Address: 29 Scotts Road N, Conception Bay South, Newfoundland & Labrador, Canada A1X6L5
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2008
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 2,000 square feet
Price per sq ft: $170
Tax Annual Amount: $2,102
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.488389, -53.042563]
Listing ID: 26890244
Address: 29 Scotts Road N, Conception Bay South, Newfoundland & Labrador, Canada A1X6L5
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2008
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 2,000 square feet
Price per sq ft: $170
Tax Annual Amount: $2,102
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.488389, -53.042563]
Rooms
| Basement | Not known Not known Not known Bath (# pieces 1-6) Not known | 12.7x11.3 feet 8.6x11 feet 15.5x11 feet 4pcs 12.3x9 feet |
| Main level | Bath (# pieces 1-6) Primary Bedroom Dining room Bedroom Living room Kitchen | 4pcs 13.5x11 feet 11.5x9.5 feet 13x9 feet 13.3x13 feet 11.5x10.5 feet |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,200 | $26,400 |
| Gross rental income (income/principal ratio) | 0.647% | 7.767% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $110 | $1,320 |
| Management Fee | $176 | $2,112 |
| Expense / Income Ratio | 19.32% | 19.32% |
| Cash Flow | $1,489 | $17,868 |
| Net Operating Income (NOI) | $1,489 | $17,868 |
| Capitalization Rate | 0.44% | 5.26% |
Capitalization Rate: 5.26%
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).): $485,572
