240 Freshwater Road
St. John's, NL, A1B1B2
3 Beds | 2 Baths
$275,000
About the property (MLS: 1276524):
Looking for an investment property in a prime rental location? Look no further. 240 Freshwater rd is close to MUN, HSC, Avalon Mall, and is on a bus route. The main unit features 3 bedrooms, fully bath, spacious living room and bright kitchen. The basement in-law unit is a great additional source of income. The large backyard is fully fenced with storage shed. The house has hardwood throughout most areas, most windows have been converted to vinyl and there is the option to put in a wood stove for a second heat source. (id:56688)
Property Details
MLS: 1276524
Listing ID: 27321952
Address: 240 Freshwater Road, St. John's, Newfoundland & Labrador, Canada A1B1B2
Status: Active
Last updated: a month ago ( Aug 22, 2024 )
Year Built: 1955
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1.5
Number of Levels: 1.5
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Other
Fencing: Fence
Living Area Total: 1,302 square feet
Price per sq ft: $212
Tax Annual Amount: $1,883
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.563341, -52.736292]
Listing ID: 27321952
Address: 240 Freshwater Road, St. John's, Newfoundland & Labrador, Canada A1B1B2
Status: Active
Last updated: a month ago ( Aug 22, 2024 )
Year Built: 1955
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1.5
Number of Levels: 1.5
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Other
Fencing: Fence
Living Area Total: 1,302 square feet
Price per sq ft: $212
Tax Annual Amount: $1,883
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.563341, -52.736292]
Rooms
| Basement | Den Bath (# pieces 1-6) Living room/Dining room Kitchen Laundry room | 9.2 X 11.3 null 7.5 X 4.8 null 15.4 X 10.4 null 8.3 X 10.5 null 11.3 X 7.4 null |
| Second level | Bedroom Bedroom | 9.2 X 12.6 null 8.6 X 12.6 null |
| Main level | Bedroom Bath (# pieces 1-6) Living room Kitchen | 9.2 X 11.6 null 6.7 X 5 null 16.5 X 13.3 null 7.2 X 14.3 null |
Basic Calculator
First Mortgage: $220,000
Mortgage insurance premium: $0
Total Financing: $220,000
Rough closing fee (1.5%): ~ $4,125
Total downpayment with estimated closing fee: $59,125
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,433 | $17,196 |
| Gross rental income (income/principal ratio) | 0.521% | 6.253% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $344 | $4,128 |
| Vacancy | $72 | $860 |
| Management Fee | $115 | $1,376 |
| Expense / Income Ratio | 24.01% | 24.01% |
| Cash Flow | $903 | $10,836 |
| Net Operating Income (NOI) | $903 | $10,836 |
| Capitalization Rate | 0.33% | 3.94% |
Capitalization Rate: 3.94%
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).): $392,858
