62 Allandale Road
St. John's, NL, A1B3A1
3 Beds | 1 Bath
$315,000
About the property (MLS: 1277933):
Pre Inspected for purchasers convenience. Beautiful bungalow for sale in the heart of the University area and Churchill Square, boasting extensive renovations. This charming 3 bedroom property is a must-see, featuring electric heating, brand-new stainless steel appliances, and a freshly shingled roof (2024). Despite these modern updates, the home retains the character and finish that this craftsman style of property deserves. All on one level, this home appeals equally to those seeking a cozy residence and investors alike. (id:56688)
Property Details
MLS: 1277933
Listing ID: 27469222
Address: 62 Allandale Road, St. John's, Newfoundland & Labrador, Canada A1B3A1
Status: Active
Last updated: 5 days ago ( Sep 30, 2024 )
Year Built: 1966
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,083 square feet
Price per sq ft: $291
Tax Annual Amount: $2,265
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.574332, -52.726331]
Listing ID: 27469222
Address: 62 Allandale Road, St. John's, Newfoundland & Labrador, Canada A1B3A1
Status: Active
Last updated: 5 days ago ( Sep 30, 2024 )
Year Built: 1966
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,083 square feet
Price per sq ft: $291
Tax Annual Amount: $2,265
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.574332, -52.726331]
Rooms
| Main level | Dining nook Laundry room Bath (# pieces 1-6) Bedroom Bedroom Bedroom Kitchen Living room | 8'10"" x 6'5"" null 6'3"" x 11'8"" null 4PC null 13' x 9'4"" null 13' x 11'11"" null 9'11"" x 9'3"" null 13' x 9'5"" null 9'11"" x 11'3"" null |
Basic Calculator
First Mortgage: $252,000
Mortgage insurance premium: $0
Total Financing: $252,000
Rough closing fee (1.5%): ~ $4,725
Total downpayment with estimated closing fee: $67,725
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,192 | $14,304 |
| Gross rental income (income/principal ratio) | 0.378% | 4.541% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $394 | $4,728 |
| Vacancy | $60 | $716 |
| Management Fee | $96 | $1,145 |
| Expense / Income Ratio | 33.05% | 33.05% |
| Cash Flow | $644 | $7,728 |
| Net Operating Income (NOI) | $644 | $7,728 |
| Capitalization Rate | 0.20% | 2.45% |
Capitalization Rate: 2.45%
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).): $450,000
