About the property (MLS: 1276763):
This stunning, move-in ready two-storey duplex offers modern living at its finest! Featuring 3 spacious bedrooms, 2.5 bathrooms, and a large, open-concept kitchen and living room combo with a central island, and second floor laundry. The fully developed property includes an in-house garage, front & rear landscaped yard, 10x10 patio and a paved driveway. With a 7-year home warranty, you can enjoy peace of mind in your new home. Don't miss out on this fantastic opportunity to own a brand-new duplex perfect for a first time home buyer! (id:56688)
Property Details
MLS: 1276763
Listing ID: 27342934
Address: 58 Church Road, Conception Bay South, Newfoundland & Labrador, Canada A1X6V5
Status: Active
Last updated: a day ago ( Sep 10, 2024 )
Year Built: 2024
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,363 square feet
Price per sq ft: $243
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 Slab, Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.513088, -52.980266]
Listing ID: 27342934
Address: 58 Church Road, Conception Bay South, Newfoundland & Labrador, Canada A1X6V5
Status: Active
Last updated: a day ago ( Sep 10, 2024 )
Year Built: 2024
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,363 square feet
Price per sq ft: $243
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 Slab, Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.513088, -52.980266]
Rooms
Second level | Laundry room Primary Bedroom Bedroom Bedroom | 7.6x5.4 null 11x15 null 9.3x10.6 null 9.3x10.6 null |
Main level | Not known Kitchen Living room Dining room Porch | 11x20 null 7.11x14.4 null 11x14 null 10.7x7.10 null 7x5 null |
Basic Calculator
First Mortgage: $263,920
Mortgage insurance premium: $0
Total Financing: $263,920
Rough closing fee (1.5%): ~ $4,949
Total downpayment with estimated closing fee: $70,929
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,500 | $18,000 |
Gross rental income (income/principal ratio) | 0.455% | 5.456% |
Mortgage | $0 | $0 |
Monthly Expenses | $413 | $4,956 |
Vacancy | $75 | $900 |
Management Fee | $120 | $1,440 |
Expense / Income Ratio | 27.53% | 27.53% |
Cash Flow | $892 | $10,704 |
Net Operating Income (NOI) | $892 | $10,704 |
Capitalization Rate | 0.27% | 3.24% |
Capitalization Rate: 3.24%
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).): $471,286