5 Summer Street
St. John's, NL, A1C2T8
3 Beds | 1 Bath
$189,900
About the property (MLS: 1277039):
This cozy semi detached home is perfectly positioned Center city, close to both MUN and the downtown core. Currently tenant occupied and shows very well. This 3 bedroom home would be the ideal starter home or investment property. Electrical panel was upgraded to breakers, oil fired hot water radiation heat, very cozy home. Added bonus of off street parking for 1 car! (id:56688)
Property Details
MLS: 1277039
Listing ID: 27375161
Address: 5 Summer Street, St. John's, Newfoundland & Labrador, Canada A1C2T8
Status: Active
Last updated: 25 days ago ( Sep 9, 2024 )
Year Built: 1950
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: 1
1/2 Baths: 0
Heating: Hot water radiator heat, Oil
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 1,116 square feet
Price per sq ft: $171
Tax Annual Amount: $1,080
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Heating: Hot water radiator heat, Oil
Flooring: Laminate, Other
Exterior Features: Vinyl siding, Other
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.564671, -52.723205]
Listing ID: 27375161
Address: 5 Summer Street, St. John's, Newfoundland & Labrador, Canada A1C2T8
Status: Active
Last updated: 25 days ago ( Sep 9, 2024 )
Year Built: 1950
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: 1
1/2 Baths: 0
Heating: Hot water radiator heat, Oil
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 1,116 square feet
Price per sq ft: $171
Tax Annual Amount: $1,080
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Heating: Hot water radiator heat, Oil
Flooring: Laminate, Other
Exterior Features: Vinyl siding, Other
Common Interest: Freehold
Number of photos available: 15
Rurl
Coordinates: [47.564671, -52.723205]
Rooms
| Second level | Bedroom Bedroom Primary Bedroom | 8x8 null 14x8 null 11x10 null |
| Main level | Storage Kitchen Living room | 10x10 null 17x10 null 14x10 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 | $1,228 | $14,736 |
| Gross rental income (income/principal ratio) | 0.647% | 7.760% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $238 | $2,856 |
| Vacancy | $62 | $737 |
| Management Fee | $99 | $1,179 |
| Expense / Income Ratio | 19.38% | 19.38% |
| Cash Flow | $831 | $9,972 |
| Net Operating Income (NOI) | $831 | $9,972 |
| Capitalization Rate | 0.44% | 5.25% |
Capitalization Rate: 5.25%
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
