23 Alderberry Lane
St. John's, NL, A1E6A5
5 Beds | 2 Baths
$309,900
About the property (MLS: 1272786):
Welcome to 23 Alderberry Lane, situated in the centre of St. John's within minutes to MUN, HSC, shopping and more. The main floor has a large living room, kitchen with eat-in dining, main bathroom and two bedrooms. The kitchen also has access to the rear patio and beautiful, spacious backyard. The basement has two additional bedrooms, rec room which could be used as a 5th bedroom, full bathroom, laundry room and spacious storage room. The property got a new roof in 2022 and new rear exterior door. (id:56688)
Property Details
MLS: 1272786
Listing ID: 26963620
Address: 23 Alderberry Lane, St. John's, Newfoundland & Labrador, Canada A1E6A5
Status: Active
Last updated: 2 years ago ( May 30, 2024 )
Year Built: 2002
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,766 square feet
Price per sq ft: $176
Tax Annual Amount: $2,260
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.545035, -52.749619]
Listing ID: 26963620
Address: 23 Alderberry Lane, St. John's, Newfoundland & Labrador, Canada A1E6A5
Status: Active
Last updated: 2 years ago ( May 30, 2024 )
Year Built: 2002
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,766 square feet
Price per sq ft: $176
Tax Annual Amount: $2,260
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.545035, -52.749619]
Rooms
| Basement | Recreation room Bedroom Bedroom | 14.4x13.1 feet 12.6x12.9 feet 12.7x11.8 feet |
| Main level | Primary Bedroom Bedroom Dining room Kitchen Living room | 12x10.9 feet 10.1x11 feet 8.3x11.10 feet 10.5x11.10 feet 12.11x14.6 feet |
Basic Calculator
First Mortgage: $247,920
Mortgage insurance premium: $0
Total Financing: $247,920
Rough closing fee (1.5%): ~ $4,649
Total downpayment with estimated closing fee: $66,629
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,943 | $23,316 |
| Gross rental income (income/principal ratio) | 0.627% | 7.524% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $388 | $4,656 |
| Vacancy | $98 | $1,166 |
| Management Fee | $156 | $1,866 |
| Expense / Income Ratio | 19.97% | 19.97% |
| Cash Flow | $1,303 | $15,636 |
| Net Operating Income (NOI) | $1,303 | $15,636 |
| Capitalization Rate | 0.42% | 5.05% |
Capitalization Rate: 5.05%
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).): $442,715
