1 Fallowtree Place
St. John's, NL, A1H0E1
4 Beds | 2 Baths
$339,900
About the property (MLS: 1279148):
This fully fenced two apt home sits on a corner lot at the entrance of a cul du sac. It has two separate driveways with two car parking for the apartment and main. Both units have upgraded finishes and rented to long term tenants. Located in a quiet, family neighbourhood, close to schools and shopping and a 10 minute commute to downtown. Both units have two bedrooms, bath, and laundry. Offers to be submitted by 5pm November 4th.... (id:56688)
Property Details
MLS: 1279148
Listing ID: 27600218
Address: 1 Fallowtree Place, St. John's, Newfoundland & Labrador, Canada A1H0E1
Status: Active
Last updated: 21 days ago ( Oct 31, 2024 )
Year Built: 2011
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 1,880 square feet
Price per sq ft: $181
Tax Annual Amount: $2,761
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.493511, -52.807075]
Listing ID: 27600218
Address: 1 Fallowtree Place, St. John's, Newfoundland & Labrador, Canada A1H0E1
Status: Active
Last updated: 21 days ago ( Oct 31, 2024 )
Year Built: 2011
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 1,880 square feet
Price per sq ft: $181
Tax Annual Amount: $2,761
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.493511, -52.807075]
Rooms
| Main level | Bath (# pieces 1-6) Dining room Bedroom Bedroom Kitchen Living room | 7.3x10.10 null 11.7x11 null 11.6x10.7 null 8.8x11 null 10.8x11 null 11.7x13 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,068 | $24,816 |
| Gross rental income (income/principal ratio) | 0.608% | 7.301% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $104 | $1,241 |
| Management Fee | $166 | $1,986 |
| Expense / Income Ratio | 20.55% | 20.55% |
| Cash Flow | $1,375 | $16,500 |
| Net Operating Income (NOI) | $1,375 | $16,500 |
| Capitalization Rate | 0.40% | 4.85% |
Capitalization Rate: 4.85%
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).): $485,572
