186 Conception Bay Highway
Conception Bay South, NL, A1W3G9
2 Beds | 1 Bath
$189,900
About the property (MLS: 1277015):
Charming and cozy, this 2-bedroom, 1-bathroom home is the perfect starter for first-time homebuyers! Inside consists of a kitchen, living room, back porch/laundry room, 2 beds and 1 bathroom. The siding, roof, windows, doors and electrical have been updated. The well-maintained interior is move-in ready, making it an ideal space for those seeking an affordable place to call home. Don't miss out on this gem! (id:56688)
Property Details
MLS: 1277015
Listing ID: 27370691
Address: 186 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W3G9
Status: Active
Last updated: a month ago ( Sep 8, 2024 )
Year Built: 1962
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,296 square feet
Price per sq ft: $147
Tax Annual Amount: $1,443
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.516242, -52.964159]
Listing ID: 27370691
Address: 186 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W3G9
Status: Active
Last updated: a month ago ( Sep 8, 2024 )
Year Built: 1962
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,296 square feet
Price per sq ft: $147
Tax Annual Amount: $1,443
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.516242, -52.964159]
Rooms
| Main level | Bedroom Bedroom Porch Living room Kitchen Porch | 10.4x10 null 9x9.5 null 4x5 null 15x11 null 10x8 null 6x8 null |
Basic Calculator
First Mortgage: $151,920
Mortgage insurance premium: $0
Total Financing: $151,920
Rough closing fee (1.5%): ~ $2,849
Total downpayment with estimated closing fee: $40,829
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,426 | $17,112 |
| Gross rental income (income/principal ratio) | 0.751% | 9.011% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $238 | $2,856 |
| Vacancy | $72 | $856 |
| Management Fee | $115 | $1,369 |
| Expense / Income Ratio | 16.69% | 16.69% |
| Cash Flow | $1,003 | $12,036 |
| Net Operating Income (NOI) | $1,003 | $12,036 |
| Capitalization Rate | 0.53% | 6.34% |
Capitalization Rate: 6.34%
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).): $271,286
