51 Cookstown Road
St. John's, NL, A1C4G7
2 Beds | 1 Bath
$99,900
About the property (MLS: 1277954):
Bright and conveniently located 2-storey home in the heart of the city centre, within walking distance to Old Dublin Bakery, grocery stores, and the vibrant downtown core! The main floor features a cozy living room, a versatile bonus room and a functional kitchen. Upstairs offers two comfortable bedrooms and a well-appointed main bathroom. Currently tenant-occupied with tenants eager to remain, making it an ideal investment opportunity. Don't miss out!! (id:56688)
Property Details
MLS: 1277954
Listing ID: 27469926
Address: 51 Cookstown Road, St. John's, Newfoundland & Labrador, Canada A1C4G7
Status: Active
Last updated: 8 days ago ( Sep 26, 2024 )
Year Built: 1955
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 814 square feet
Price per sq ft: $123
Tax Annual Amount: $641
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.563449, -52.716758]
Listing ID: 27469926
Address: 51 Cookstown Road, St. John's, Newfoundland & Labrador, Canada A1C4G7
Status: Active
Last updated: 8 days ago ( Sep 26, 2024 )
Year Built: 1955
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 814 square feet
Price per sq ft: $123
Tax Annual Amount: $641
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.563449, -52.716758]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Primary Bedroom | 4pc 10.0x8.7 null 12.6x10.9 null |
| Main level | Kitchen Not known Family room | 11.0x9.0 null 10.0x10.0 null 12.6x10.11 null |
Basic Calculator
First Mortgage: $79,920
Mortgage insurance premium: $0
Total Financing: $79,920
Rough closing fee (1.5%): ~ $1,499
Total downpayment with estimated closing fee: $21,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $896 | $10,752 |
| Gross rental income (income/principal ratio) | 0.897% | 10.763% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $125 | $1,500 |
| Vacancy | $45 | $538 |
| Management Fee | $72 | $861 |
| Expense / Income Ratio | 13.95% | 13.95% |
| Cash Flow | $655 | $7,860 |
| Net Operating Income (NOI) | $655 | $7,860 |
| Capitalization Rate | 0.66% | 7.87% |
Capitalization Rate: 7.87%
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).): $142,715
