About the property (MLS: 1278962):
This Residential/Commercial property is a two bedroom self contained apartment. Currently rented for $1,200 per month for top apartment and $1,300 per month for bottom commercial. Tenants are willing to stay if they were to have the option. The Commercial area on the main could be used for any sort of retail business and has 6-8 parking spaces. All measurements are approximate. (id:56688)
Property Details
MLS: 1278962
Listing ID: 27576135
Address: 57 BLACKLER Avenue, ST. JOHN'S, Newfoundland & Labrador, Canada A1E3E9
Status: Active
Last updated: 4 days ago ( Oct 29, 2024 )
Year Built: 1978
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,128 square feet
Price per sq ft: $169
Tax Annual Amount: $2,595
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Alarm System
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 10
Rurl
Coordinates: [47.549371, -52.744604]
Listing ID: 27576135
Address: 57 BLACKLER Avenue, ST. JOHN'S, Newfoundland & Labrador, Canada A1E3E9
Status: Active
Last updated: 4 days ago ( Oct 29, 2024 )
Year Built: 1978
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,128 square feet
Price per sq ft: $169
Tax Annual Amount: $2,595
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Alarm System
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 10
Rurl
Coordinates: [47.549371, -52.744604]
Rooms
Basement | Other Other Storage | 4.6X29 null 28X29 null 9.6X11 null |
Second level | Primary Bedroom Bedroom Eating area Living room Kitchen | 11X17 null 10.6X10.6 null 9X10.6 null 10.6X16 null 9X10.6 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 | $2,341 | $28,092 |
Gross rental income (income/principal ratio) | 0.652% | 7.825% |
Mortgage | $0 | $0 |
Monthly Expenses | $449 | $5,388 |
Vacancy | $118 | $1,405 |
Management Fee | $188 | $2,248 |
Expense / Income Ratio | 19.18% | 19.18% |
Cash Flow | $1,588 | $19,056 |
Net Operating Income (NOI) | $1,588 | $19,056 |
Capitalization Rate | 0.44% | 5.31% |
Capitalization Rate: 5.31%
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).): $512,858