51 Chaytor’s Road
CBS, NL, A1W4G2
2 Beds | 1 Bath
$199,000
About the property (MLS: 1277427):
This two-apartment home, featuring vinyl siding and windows, is located in a fantastic neighborhood, just minutes from the ocean, offering excellent potential for investors or homeowners looking for additional rental income. Though it requires some renovations, the home boasts southern exposure, ensuring plenty of natural light throughout the day. The home is being sold as is, where is. Home inspection is for information purposes only. (id:56688)
Property Details
MLS: 1277427
Listing ID: 27443100
Address: 51 Chaytor’s Road, CBS, Newfoundland & Labrador, Canada A1W4G2
Status: Active
Last updated: 3 days ago ( Oct 1, 2024 )
Year Built: 1980
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Fence
Living Area Total: 1,860 square feet
Price per sq ft: $107
Tax Annual Amount: $1,600
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: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.533229, -52.948183]
Listing ID: 27443100
Address: 51 Chaytor’s Road, CBS, Newfoundland & Labrador, Canada A1W4G2
Status: Active
Last updated: 3 days ago ( Oct 1, 2024 )
Year Built: 1980
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Fence
Living Area Total: 1,860 square feet
Price per sq ft: $107
Tax Annual Amount: $1,600
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: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.533229, -52.948183]
Rooms
| Basement | Other Laundry room Bath (# pieces 1-6) Not known Not known Not known | 10 x 10 null 8 x 7 null B1 null 10 x 9.5 null 12 x 11 null 9.5 x 11 null |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Kitchen | B1 null 9 x 10.5 null 11.5 x 10 null 22 x 14.5 null 22 x 10.5 null |
Basic Calculator
First Mortgage: $159,200
Mortgage insurance premium: $0
Total Financing: $159,200
Rough closing fee (1.5%): ~ $2,985
Total downpayment with estimated closing fee: $42,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,047 | $24,564 |
| Gross rental income (income/principal ratio) | 1.029% | 12.344% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $249 | $2,988 |
| Vacancy | $103 | $1,229 |
| Management Fee | $164 | $1,966 |
| Expense / Income Ratio | 12.16% | 12.16% |
| Cash Flow | $1,532 | $18,384 |
| Net Operating Income (NOI) | $1,532 | $18,384 |
| Capitalization Rate | 0.77% | 9.24% |
Capitalization Rate: 9.24%
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).): $284,286
