2 Martha's Place
Conception Bay South, NL, A1W3E3
3 Beds | 1 Bath
$204,900
About the property (MLS: 1272796):
Located in the lovely Cherry Lane area of Manuals. Cottage Style bungalow with aged charm and character. Freshly painted throughout, this well maintained 3 bedroom cozy home rests on a beautiful lot with room to add onto the house. Small storage shed in back yard. Lots of Potential here ! (id:56688)
Property Details
MLS: 1272796
Listing ID: 26980213
Address: 2 Martha's Place, Conception Bay South, Newfoundland & Labrador, Canada A1W3E3
Status: Active
Last updated: a year ago ( Jun 4, 2024 )
Year Built: 1920
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: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,100 square feet
Price per sq ft: $187
Tax Annual Amount: $1,345
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Block
Heating: Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.527577, -52.953939]
Listing ID: 26980213
Address: 2 Martha's Place, Conception Bay South, Newfoundland & Labrador, Canada A1W3E3
Status: Active
Last updated: a year ago ( Jun 4, 2024 )
Year Built: 1920
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: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,100 square feet
Price per sq ft: $187
Tax Annual Amount: $1,345
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Block
Heating: Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.527577, -52.953939]
Rooms
| Main level | Bath (# pieces 1-6) Porch Dining room Bedroom Bedroom Bedroom Living room Kitchen | 11 x 7 feet 8 x 8 feet 11 x 9 feet 9.5 x 11 feet 9.5 x 11 feet 10.5 x 12 feet 16 x 11 feet 9 x 17 feet |
Basic Calculator
First Mortgage: $163,920
Mortgage insurance premium: $0
Total Financing: $163,920
Rough closing fee (1.5%): ~ $3,074
Total downpayment with estimated closing fee: $44,054
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,210 | $14,520 |
| Gross rental income (income/principal ratio) | 0.591% | 7.086% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $257 | $3,084 |
| Vacancy | $61 | $726 |
| Management Fee | $97 | $1,162 |
| Expense / Income Ratio | 21.24% | 21.24% |
| Cash Flow | $796 | $9,552 |
| Net Operating Income (NOI) | $796 | $9,552 |
| Capitalization Rate | 0.39% | 4.66% |
Capitalization Rate: 4.66%
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).): $292,715
