About the property (MLS: 1278319):
Welcome to 22 Finlaystone Dr, a beautiful 2-apartment home in the heart of Mount Pearl, offering an ideal blend of comfort and modern convenience. With multiple mini-split heat pumps, this home provides efficient heating and cooling, keeping utility costs low all year round. The main unit features a spacious layout with a bright, open living area, complemented by smart switches and a smart doorbell that can be easily controlled from your phone—bringing a touch of convenience to your daily life. The rec room, currently part of the main unit, offers excellent potential as a small in-law suite or live-in rental, providing an additional income opportunity. The downstairs apartment is bright and spacious, currently renting for $1200/month POU, making this property an attractive option for both investors and homeowners looking to supplement their mortgage. Whether you're looking for a comfortable family home with rental potential or a savvy investment opportunity. (id:56688)
Property Details
Listing ID: 27513027
Address: 22 Finlaystone Drive, Mount Pearl, Newfoundland & Labrador, Canada A1N0E3
Status: Active
Last updated: a month ago ( Oct 7, 2024 )
Year Built: 2012
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 0
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,400 square feet
Price per sq ft: $188
Tax Annual Amount: $3,389
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 23
Rurl
Coordinates: [47.533262, -52.805609]
Rooms
Basement | Not known | 11.1 x 13.8 null |
Lower level | Not known Not known Recreation room | 12.1 x 12 null 15.1 x 18.2 null 12.6 x 15 null |
Main level | Bedroom Bedroom Primary Bedroom Living room Kitchen | 9.10 x 11.6 null 9 x 9.8 null 14.1 x 14.1 null 15 .7 x 12.1 null 10.2 x 15 null |
Basic Calculator
First Mortgage: $359,920
Mortgage insurance premium: $0
Total Financing: $359,920
Rough closing fee (1.5%): ~ $6,749
Total downpayment with estimated closing fee: $96,729
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,640 | $31,680 |
Gross rental income (income/principal ratio) | 0.587% | 7.042% |
Mortgage | $0 | $0 |
Monthly Expenses | $563 | $6,756 |
Vacancy | $132 | $1,584 |
Management Fee | $212 | $2,535 |
Expense / Income Ratio | 21.33% | 21.33% |
Cash Flow | $1,734 | $20,808 |
Net Operating Income (NOI) | $1,734 | $20,808 |
Capitalization Rate | 0.39% | 4.63% |