91 Larkhall Street Unit#B422
St. John's, NL, A1B2C5
2 Beds | 1 Bath
$159,900
About the property (MLS: 1275934):
INVESTORS YOU NEED TO SEE THIS! 91 Larkhall Street is a prime location within walking distance to MUN, Avalon Mall, Health Science, and much more. This cozy 2 bedroom condo is the perfect place for mature students or the working professional. This is perfect for any investor or first time home buyer and its rental success, attracting mature students and working professionals, is a definite plus. This property is a pleasure to show and ready for new owners! (id:56688)
Property Details
MLS: 1275934
Listing ID: 27267323
Address: 91 Larkhall Street Unit#B422, St. John's, Newfoundland & Labrador, Canada A1B2C5
Status: Active
Last updated: a month ago ( Aug 8, 2024 )
Year Built: 1964
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Mixed Flooring
Living Area Total: 663 square feet
Price per sq ft: $242
Tax Annual Amount: $1,347
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Mixed Flooring
Exterior Features: Brick, Vinyl siding
Common Interest: Condo/Strata
Number of photos available: 9
Rurl
Coordinates: [47.568601, -52.749626]
Listing ID: 27267323
Address: 91 Larkhall Street Unit#B422, St. John's, Newfoundland & Labrador, Canada A1B2C5
Status: Active
Last updated: a month ago ( Aug 8, 2024 )
Year Built: 1964
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Mixed Flooring
Living Area Total: 663 square feet
Price per sq ft: $242
Tax Annual Amount: $1,347
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Mixed Flooring
Exterior Features: Brick, Vinyl siding
Common Interest: Condo/Strata
Number of photos available: 9
Rurl
Coordinates: [47.568601, -52.749626]
Rooms
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Living room Not known | 4PC null 10 x 8.5 null 13 x 11.5 null 11.5 x 10 null 18.5 x 10.5 null |
Basic Calculator
First Mortgage: $127,920
Mortgage insurance premium: $0
Total Financing: $127,920
Rough closing fee (1.5%): ~ $2,399
Total downpayment with estimated closing fee: $34,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $730 | $8,760 |
| Gross rental income (income/principal ratio) | 0.457% | 5.478% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $200 | $2,400 |
| Vacancy | $37 | $438 |
| Management Fee | $59 | $701 |
| Expense / Income Ratio | 27.40% | 27.40% |
| Cash Flow | $436 | $5,232 |
| Net Operating Income (NOI) | $436 | $5,232 |
| Capitalization Rate | 0.27% | 3.27% |
Capitalization Rate: 3.27%
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).): $228,429
