98 Merrymeeting Road
St. John's, NL, A1C2W1
3 Beds | 1 Bath
$249,900
About the property (MLS: 1273534):
Owner occupied for years and years, this quaint 3 Bedroom home is in very good condition and a fabulous location and is ready to move right into this weekend. Main floor has a lovely front room, a galley kitchen with dining room and an added on family room 11' x 16' that leads to a lovely and private back yard and deck. Second floor has 2 spacious bedrooms, a full bathroom with tub and shower and smaller bedroom suitable for a child or would make a great den or office. Appliances included. Newer windows. (id:56688)
Property Details
MLS: 1273534
Listing ID: 27037825
Address: 98 Merrymeeting Road, St. John's, Newfoundland & Labrador, Canada A1C2W1
Status: Active
Last updated: 3 months ago ( Jun 13, 2024 )
Year Built: 1940
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Living Area Total: 1,288 square feet
Price per sq ft: $195
Tax Annual Amount: $1,337
Tax Year: 2022
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 21
Rurl
Coordinates: [47.56527, -52.720539]
Listing ID: 27037825
Address: 98 Merrymeeting Road, St. John's, Newfoundland & Labrador, Canada A1C2W1
Status: Active
Last updated: 3 months ago ( Jun 13, 2024 )
Year Built: 1940
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Living Area Total: 1,288 square feet
Price per sq ft: $195
Tax Annual Amount: $1,337
Tax Year: 2022
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 21
Rurl
Coordinates: [47.56527, -52.720539]
Rooms
| Second level | Bedroom Bedroom Bedroom | 7 x 7-8 null 11 x 11 null 11-1 x 12-6 null |
| Main level | Family room Dining room Kitchen Living room | 11 x 16 null 11 x 10-6 null 8 x 8-9 null 12 x 12-6 null |
Basic Calculator
First Mortgage: $199,920
Mortgage insurance premium: $0
Total Financing: $199,920
Rough closing fee (1.5%): ~ $3,749
Total downpayment with estimated closing fee: $53,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,417 | $17,004 |
| Gross rental income (income/principal ratio) | 0.567% | 6.804% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $313 | $3,756 |
| Vacancy | $71 | $851 |
| Management Fee | $114 | $1,361 |
| Expense / Income Ratio | 22.09% | 22.09% |
| Cash Flow | $920 | $11,040 |
| Net Operating Income (NOI) | $920 | $11,040 |
| Capitalization Rate | 0.37% | 4.42% |
Capitalization Rate: 4.42%
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).): $357,000
