117 QUEENS Road Unit#6
ST. JOHN'S, NL, A1C2B2
1 Bed | 1 Bath
$179,900
About the property (MLS: 1276028):
BEAUTIFUL DOWNTOWN CONDO SELLING FULLY FURNISHED! THIS IS THE PERFECT CONDO FOR 1 OR 2 PEOPLE WHO WANT TO BE NEAR EVERYTHING DOWNTOWN ST. JOHN'S HAS TO OFFER LIKE RESTAURANTS, SHOPPING AND ENTERTAINMENT! THIS IS A ONE BEDROOM UNIT ON ONE LEVEL AND IS VERY WELL MAINTAINED. IT HAS HARDWOOD FLOORS AND VERY BRIGHT AND COZY. THERE IS ONE UNDERGROUND PARKING SPACE AND A COURTYARD FOR RELAXING. IF YOU ARE LOOKING FOR THE PERFECT SPOT WITH LOW CONDO FEES OF ONLY $209.73 PER MONTH, THEN THIS MIGHT BE IT! (id:56688)
Property Details
MLS: 1276028
Listing ID: 27279113
Address: 117 QUEENS Road Unit#6, ST. JOHN'S, Newfoundland & Labrador, Canada A1C2B2
Status: Active
Last updated: 2 days ago ( Sep 4, 2024 )
Year Built: 1993
Property Type: Single Family
Ownership Type: Condominium
Beds: 1
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Other
Living Area Total: 535 square feet
Price per sq ft: $337
Tax Annual Amount: $1,154
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters
Flooring: Hardwood, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Condo/Strata
Association Fee: 209.73
Number of photos available: 20
Rurl
Coordinates: [47.564136, -52.709842]
Listing ID: 27279113
Address: 117 QUEENS Road Unit#6, ST. JOHN'S, Newfoundland & Labrador, Canada A1C2B2
Status: Active
Last updated: 2 days ago ( Sep 4, 2024 )
Year Built: 1993
Property Type: Single Family
Ownership Type: Condominium
Beds: 1
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Other
Living Area Total: 535 square feet
Price per sq ft: $337
Tax Annual Amount: $1,154
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters
Flooring: Hardwood, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Condo/Strata
Association Fee: 209.73
Number of photos available: 20
Rurl
Coordinates: [47.564136, -52.709842]
Rooms
| Main level | Bath (# pieces 1-6) Dining nook Kitchen Primary Bedroom Living room | 3 PC null 5.5 X 5.5 null 76 X 8 null 9.4 X 16 null 14.7 X 11 null |
Basic Calculator
First Mortgage: $143,920
Mortgage insurance premium: $0
Total Financing: $143,920
Rough closing fee (1.5%): ~ $2,699
Total downpayment with estimated closing fee: $38,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $589 | $7,068 |
| Gross rental income (income/principal ratio) | 0.327% | 3.929% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $225 | $2,700 |
| Vacancy | $30 | $354 |
| Management Fee | $48 | $566 |
| Expense / Income Ratio | 38.20% | 38.20% |
| Cash Flow | $288 | $3,456 |
| Net Operating Income (NOI) | $288 | $3,456 |
| Capitalization Rate | 0.16% | 1.92% |
Capitalization Rate: 1.92%
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).): $257,000
