19 Ruth Avenue
Mount Pearl, NL, A1N1H6
4 Beds | 2 Baths
$359,000
About the property (MLS: 1277890):
Welcome to 19 Ruth Ave! This beautiful, registered 2 apartment home is the perfect opportunity for a first time home buyer, or investor looking for an income property. The main unit has an oversized living room, separate dining room, 3 full bedrooms and a nice sized rec room. The 1 bedroom basement apartment is bright and spacious and currently rented with a tenant hoping to stay. There is a large, fully fenced backyard as well as a storage shed and a wide driveway big enough to fit multiple cars. Home features electric heat with 2 mini splits in the main unit and comes pre inspected. Viewings to start Thursday, Sept 25th. Any offers to be presented by Saturday, Sept 28th by 6:00pm as per seller's direction and to be left open until Saturday, Sept 28th at 10:00pm. (id:56688)
Property Details
Listing ID: 27466375
Address: 19 Ruth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1H6
Status: Active
Last updated: 9 days ago ( Sep 26, 2024 )
Year Built: 1969
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,434 square feet
Price per sq ft: $148
Tax Annual Amount: $2,034
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.51965, -52.814677]
Rooms
| Basement | Not known Not known Not known Family room | 22.3x10.9 null 10.3x8.4 null 11.6x10.1 null 21.8x14.4 null |
| Main level | Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room/Dining room | 8.8x10 null 9.10x9.9 null 11.3x11.3 null 11.9x15.7 null 11x15.7 null 22.6x23.9 null |
Basic Calculator
First Mortgage: $287,200
Mortgage insurance premium: $0
Total Financing: $287,200
Rough closing fee (1.5%): ~ $5,385
Total downpayment with estimated closing fee: $77,185
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,678 | $32,136 |
| Gross rental income (income/principal ratio) | 0.746% | 8.952% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $449 | $5,388 |
| Vacancy | $134 | $1,607 |
| Management Fee | $215 | $2,571 |
| Expense / Income Ratio | 16.77% | 16.77% |
| Cash Flow | $1,881 | $22,572 |
| Net Operating Income (NOI) | $1,881 | $22,572 |
| Capitalization Rate | 0.52% | 6.29% |
