About the property (MLS: 1277530):
Welcome to 29 Erica Ave, a gorgeous split entry home that has great curb appeal with a new front step extension, and is located in a family friendly location in Foxtrap. Upon entering the home you'll find a good size porch with new flooring and carpet on the stairs. The main floor has an open concept design, living room with stunning new fireplace wall added, eat in kitchen with stainless steel appliances, an oversized peninsula, and has the extra bonus of a mini split to help with those heating costs. There are two bedrooms, and a great main bath with extra bonus cabinetry for linens. The downstairs is now fully developed with an awesome family space with built in wet bar including a sink, mini fridge, another mini split, and everything you need to host a good party with family and friends. The owners have painted most of the home as well with modern paint colours, developed a mud room in the back of the home with exterior door to the backyard, the extra room downstairs is currently being used as an office but makes for the perfect third bedroom and another full bath so if you have company or a teenager this layout works for many different types of families. The property has rear yard access to the storage shed which is now wired and has the addition of a door and window, yard is fully fenced, has trees for privacy, and the owner really takes care of that lawn! You will also enjoy ocean views from the living room window and back patio! This sweet house ticks off a lot of boxes, has pride of ownership throughout and is ready for its next owners. (id:56688)
Property Details
Listing ID: 27434818
Address: 29 Erica Avenue, conception Bay South, Newfoundland & Labrador, Canada a1X0H1
Status: Active
Last updated: 9 days ago ( Sep 25, 2024 )
Year Built: 2015
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Fencing: Fence
Living Area Total: 1,720 square feet
Price per sq ft: $204
Tax Annual Amount: $2,059
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Carpeted, Other
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 36
Rurl
Coordinates: [47.506664, -52.989514]
Rooms
Basement | Laundry room Bath (# pieces 1-6) Mud room Family room Bedroom | 7.1x5.8 null 3 piece null 10.0x18.7 null 10.8x32.10 null 7.7x16.6 null |
Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Living room/Fireplace Porch | Full null 10.5x13.0 null 13.3x10.5 null 11.3x19.2 null 11.3x13.9 null . null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,893 | $22,716 |
Gross rental income (income/principal ratio) | 0.541% | 6.492% |
Mortgage | $0 | $0 |
Monthly Expenses | $438 | $5,256 |
Vacancy | $95 | $1,136 |
Management Fee | $152 | $1,818 |
Expense / Income Ratio | 23.14% | 23.14% |
Cash Flow | $1,209 | $14,508 |
Net Operating Income (NOI) | $1,209 | $14,508 |
Capitalization Rate | 0.35% | 4.15% |