16 MacKlin Place
St. John’s, NL, A1E1N7
4 Beds | 1 Bath
$249,900
About the property (MLS: 1275043):
Look no further, this lovely detached home is waiting for your arrival. This home offers four bedrooms, one bath, with a spacious backyard. Two patios, one of which you can walk out from the top bedroom to enjoy the morning sun! New windows, doors, siding in the past 14 years. The roof was redone in 2020. Water boiler in August 2022. Walking distance to Victoria Park and brother Egan field, which has a tennis court and a playground. Close to all amenities, bus routes, and downtown St. John’s. This won’t last long, so don’t delay. (id:56688)
Property Details
MLS: 1275043
Listing ID: 27182260
Address: 16 MacKlin Place, St. John’s, Newfoundland & Labrador, Canada A1E1N7
Status: Active
Last updated: 25 days ago ( Aug 12, 2024 )
Year Built: 1920
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,400 square feet
Price per sq ft: $179
Tax Annual Amount: $1,600
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Wet Bar
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.549684, -52.722735]
Listing ID: 27182260
Address: 16 MacKlin Place, St. John’s, Newfoundland & Labrador, Canada A1E1N7
Status: Active
Last updated: 25 days ago ( Aug 12, 2024 )
Year Built: 1920
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,400 square feet
Price per sq ft: $179
Tax Annual Amount: $1,600
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Wet Bar
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.549684, -52.722735]
Rooms
| Second level | Bedroom Bedroom Bath (# pieces 1-6) Primary Bedroom | 11.5x9.5 null 13x9.5 null 5.5x8.5 null 15x12 null |
| Main level | Living room Kitchen Bedroom | 9.5x 11.5 null 15x12 null 13x9.5 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 | $1,541 | $18,492 |
| Gross rental income (income/principal ratio) | 0.617% | 7.400% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $313 | $3,756 |
| Vacancy | $78 | $925 |
| Management Fee | $124 | $1,480 |
| Expense / Income Ratio | 20.31% | 20.31% |
| Cash Flow | $1,028 | $12,336 |
| Net Operating Income (NOI) | $1,028 | $12,336 |
| Capitalization Rate | 0.41% | 4.94% |
Capitalization Rate: 4.94%
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
