3 Alder Place
St. John's, NL, A1A4Y1
5 Beds | 4 Baths
$535,000
About the property (MLS: 1275261):
Beautiful 2-apt home to be built in Airport Heights. Spacious floor plan with open-concept living and dining area, large primary bedroom with an ensuite and walk in closet. Main floor laundry. Family room and 1/2 bath for the main. Large two bedroom basement apt. (id:56688)
Property Details
MLS: 1275261
Listing ID: 27228387
Address: 3 Alder Place, St. John's, Newfoundland & Labrador, Canada A1A4Y1
Status: Active
Last updated: a month ago ( Jul 29, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 2
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,592 square feet
Price per sq ft: $207
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.606056, -52.761938]
Listing ID: 27228387
Address: 3 Alder Place, St. John's, Newfoundland & Labrador, Canada A1A4Y1
Status: Active
Last updated: a month ago ( Jul 29, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 2
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,592 square feet
Price per sq ft: $207
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.606056, -52.761938]
Rooms
| Lower level | Family room Bedroom Primary Bedroom Living room/Dining room | 14.6x11.10 null 10.9x8.10 null 11.6x10 null 32.6x12.8 null |
| Main level | Bedroom Bedroom Primary Bedroom Living room Dining room Kitchen | 11.4x9 null 11.2x10 null 13.6x13.2 null 14.6x11.10 null 12.8x9 null 14.2x10 null |
Basic Calculator
First Mortgage: $428,000
Mortgage insurance premium: $0
Total Financing: $428,000
Rough closing fee (1.5%): ~ $8,025
Total downpayment with estimated closing fee: $115,025
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,852 | $34,224 |
| Gross rental income (income/principal ratio) | 0.533% | 6.397% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $669 | $8,028 |
| Vacancy | $143 | $1,712 |
| Management Fee | $229 | $2,738 |
| Expense / Income Ratio | 23.46% | 23.46% |
| Cash Flow | $1,813 | $21,756 |
| Net Operating Income (NOI) | $1,813 | $21,756 |
| Capitalization Rate | 0.34% | 4.07% |
Capitalization Rate: 4.07%
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).): $764,286
