3 Sarasota Court
St.John's, NL, A1E5Z7
2 Beds | 2 Baths
$242,000
About the property (MLS: 1278555):
Adult living in popular Westview Village in West end St. John's. Offers a blend of modern living and convenience designed for those seeking a vibrant and accessible lifestyle. This condo is situated close to shopping, healthcare, and recreational facilities. The village comes with it's own club house. New HRV unit and wall control panel to be installed mid December 2024. (id:56688)
Property Details
MLS: 1278555
Listing ID: 27538966
Address: 3 Sarasota Court, St.John's, Newfoundland & Labrador, Canada A1E5Z7
Status: Active
Last updated: a month ago ( Dec 10, 2024 )
Year Built: 1996
Property Type: Single Family
Architectural Style: Bungalow
Ownership Type: Condominium
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Electric, Propane
Sewer: Municipal sewage system
Flooring: Carpeted, Mixed Flooring
Living Area Total: 2,000 square feet
Price per sq ft: $121
Tax Annual Amount: $2,060
Tax Year: 2024
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric, Propane
Flooring: Carpeted, Mixed Flooring
Fireplace Features: Insert, Propane
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Condo/Strata
Association Fee: 445
Number of photos available: 14
Rurl
Coordinates: [47.543617, -52.749961]
Listing ID: 27538966
Address: 3 Sarasota Court, St.John's, Newfoundland & Labrador, Canada A1E5Z7
Status: Active
Last updated: a month ago ( Dec 10, 2024 )
Year Built: 1996
Property Type: Single Family
Architectural Style: Bungalow
Ownership Type: Condominium
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Electric, Propane
Sewer: Municipal sewage system
Flooring: Carpeted, Mixed Flooring
Living Area Total: 2,000 square feet
Price per sq ft: $121
Tax Annual Amount: $2,060
Tax Year: 2024
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric, Propane
Flooring: Carpeted, Mixed Flooring
Fireplace Features: Insert, Propane
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Condo/Strata
Association Fee: 445
Number of photos available: 14
Rurl
Coordinates: [47.543617, -52.749961]
Rooms
| Lower level | Storage | 34 X29 null |
| Main level | Foyer Laundry room Ensuite Bath (# pieces 1-6) Living room/Fireplace Dining room Kitchen Bedroom Bedroom | 6 X5 null X0 null B2 null B4 null 12.9 X 15.6 null 10.2 X 11 null 9.8 x 9 null 11.4 x 9.5 null 11.4 X 12.9 null |
Basic Calculator
First Mortgage: $193,600
Mortgage insurance premium: $0
Total Financing: $193,600
Rough closing fee (1.5%): ~ $3,630
Total downpayment with estimated closing fee: $52,030
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,200 | $26,400 |
| Gross rental income (income/principal ratio) | 0.909% | 10.909% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $303 | $3,636 |
| Vacancy | $110 | $1,320 |
| Management Fee | $176 | $2,112 |
| Expense / Income Ratio | 13.77% | 13.77% |
| Cash Flow | $1,611 | $19,332 |
| Net Operating Income (NOI) | $1,611 | $19,332 |
| Capitalization Rate | 0.67% | 7.99% |
Capitalization Rate: 7.99%
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).): $345,715
