10 Waterford Bridge Road
St. John's, NL, A1E1C6
9 Beds | 2 Baths
$359,900
About the property (MLS: 1280010):
This property is perfect for an investor or someone looking to remodel and turn into a primary residence. The unit has 9 bedrooms, which include 4 on the main floor, 4 on the second floor, and 1 in the basement apartment. At present time 6 of the rooms are rented. The 1 bedroom apartment has been vacant for some time and would also need to be renovated. This property is being sold as is where is, which is evident by the reasonable asking price. (id:56688)
Property Details
MLS: 1280010
Listing ID: 27691902
Address: 10 Waterford Bridge Road, St. John's, Newfoundland & Labrador, Canada A1E1C6
Status: Active
Last updated: 4 months ago ( Nov 28, 2024 )
Property Type: Other
Architectural Style: 2 Level
Structure Type: Other
Ownership Type: Freehold
Beds: 9
Baths: 2
1/2 Baths: 0
Heating: Hot water radiator heat, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 3,050 square feet
Price per sq ft: $118
Tax Annual Amount: $1,846
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 10
Rurl
Coordinates: [47.546823, -52.721529]
Listing ID: 27691902
Address: 10 Waterford Bridge Road, St. John's, Newfoundland & Labrador, Canada A1E1C6
Status: Active
Last updated: 4 months ago ( Nov 28, 2024 )
Property Type: Other
Architectural Style: 2 Level
Structure Type: Other
Ownership Type: Freehold
Beds: 9
Baths: 2
1/2 Baths: 0
Heating: Hot water radiator heat, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 3,050 square feet
Price per sq ft: $118
Tax Annual Amount: $1,846
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 10
Rurl
Coordinates: [47.546823, -52.721529]
Rooms
| Basement | Utility room Not known Not known Not known | to follow null to follow null to follow null to follow null |
| Second level | Bedroom Bedroom Bedroom Bedroom | to follow null to follow null to follow null to follow null |
| Main level | Kitchen Bedroom Bedroom Bedroom Bedroom | to follow null to follow null to follow null to follow null to follow null |
Basic Calculator
First Mortgage: $287,920
Mortgage insurance premium: $0
Total Financing: $287,920
Rough closing fee (1.5%): ~ $5,399
Total downpayment with estimated closing fee: $77,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,356 | $40,272 |
| Gross rental income (income/principal ratio) | 0.932% | 11.190% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $168 | $2,014 |
| Management Fee | $269 | $3,222 |
| Expense / Income Ratio | 13.41% | 13.41% |
| Cash Flow | $2,470 | $29,640 |
| Net Operating Income (NOI) | $2,470 | $29,640 |
| Capitalization Rate | 0.69% | 8.24% |
Capitalization Rate: 8.24%
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).): $514,143
