30 Valleyview Avenue
Mount Pearl, NL, A1N1L8
3 Beds | 1 Bath
$120,000
About the property (MLS: 1273225):
This property needs extensive work or torn down, value is in the building lot, being sold AS IS. The neighbourhood is quiet, off the main road and located close to parks, walking trails, schools, shopping and recreation in Mt Pearl. This would make a perfect location to build a new home or maybe a duplex. (id:56688)
Property Details
MLS: 1273225
Listing ID: 27002422
Address: 30 Valleyview Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1L8
Status: Active
Last updated: 3 months ago ( Jun 6, 2024 )
Year Built: 1956
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: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,121 square feet
Price per sq ft: $108
Tax Annual Amount: $1,103
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Block, Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 9
Rurl
Coordinates: [47.520774, -52.786656]
Listing ID: 27002422
Address: 30 Valleyview Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1L8
Status: Active
Last updated: 3 months ago ( Jun 6, 2024 )
Year Built: 1956
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: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,121 square feet
Price per sq ft: $108
Tax Annual Amount: $1,103
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Block, Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 9
Rurl
Coordinates: [47.520774, -52.786656]
Rooms
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Mud room Kitchen Living room | 5 x 7 null 11 x 9 null 15 x 8 null 11 x 11 null 8 x 7 null 13 x 11 null 13 x 13 null |
Basic Calculator
First Mortgage: $96,000
Mortgage insurance premium: $0
Total Financing: $96,000
Rough closing fee (1.5%): ~ $1,800
Total downpayment with estimated closing fee: $25,800
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,234 | $14,808 |
| Gross rental income (income/principal ratio) | 1.028% | 12.340% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $150 | $1,800 |
| Vacancy | $62 | $741 |
| Management Fee | $99 | $1,185 |
| Expense / Income Ratio | 12.16% | 12.16% |
| Cash Flow | $924 | $11,088 |
| Net Operating Income (NOI) | $924 | $11,088 |
| Capitalization Rate | 0.77% | 9.24% |
Capitalization Rate: 9.24%
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).): $171,429
