8 Pennywell Road
St John's, NL, A1C2L1
3 Beds | 1 Bath
$139,900
About the property (MLS: 1280205):
Great starter home or investment property. Three bedrooms, eat in kitchen with main floor laundry, vinyl windows and siding. Located in the middle of St. John's. (id:56688)
Property Details
MLS: 1280205
Listing ID: 27718246
Address: 8 Pennywell Road, St John's, Newfoundland & Labrador, Canada A1C2L1
Status: Active
Last updated: 16 days ago ( Jan 2, 2025 )
Year Built: 1964
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,054 square feet
Price per sq ft: $133
Tax Annual Amount: $1,100
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.563583, -52.717308]
Listing ID: 27718246
Address: 8 Pennywell Road, St John's, Newfoundland & Labrador, Canada A1C2L1
Status: Active
Last updated: 16 days ago ( Jan 2, 2025 )
Year Built: 1964
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,054 square feet
Price per sq ft: $133
Tax Annual Amount: $1,100
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.563583, -52.717308]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 3 pc 6 x 15 null 9 x 12 null 9 x 18 null |
| Main level | Kitchen Living room | 10 x 13 null 10.6 x 18 null |
Basic Calculator
First Mortgage: $111,920
Mortgage insurance premium: $0
Total Financing: $111,920
Rough closing fee (1.5%): ~ $2,099
Total downpayment with estimated closing fee: $30,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,160 | $13,920 |
| Gross rental income (income/principal ratio) | 0.829% | 9.950% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $175 | $2,100 |
| Vacancy | $58 | $696 |
| Management Fee | $93 | $1,114 |
| Expense / Income Ratio | 15.09% | 15.09% |
| Cash Flow | $835 | $10,020 |
| Net Operating Income (NOI) | $835 | $10,020 |
| Capitalization Rate | 0.60% | 7.16% |
Capitalization Rate: 7.16%
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).): $199,858
