About the property (MLS: 1280418):
This spacious and charming home is situated on a mature, oversized 60x200 lot with attached shed that can easily be converted to a garage. The main floor has 2 bedrooms, full bath, a lovely and bright living room, unique kitchen area with sunken dining room that overlooks the large & fabulous yard. Downstairs features another 2 bedrooms, spacious laundry/storage room and an abundance of storage areas & closets! Recent upgrades include new 30 yr shingles in November, painted throughout, new sheeting in shed area. Medical clinics, pharmacies, banks, supermarkets and more are just minutes away and within walking distance. This property offers an abundance of potential with the oversized lot; zoned residential/commercial. This is a great opportunity for a savvy investor. (id:56688)
Property Details
Listing ID: 27746626
Address: 57 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W9
Status: Active
Last updated: 19 days ago ( Jan 25, 2025 )
Year Built: 1955
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Fencing: Partially fenced
Living Area Total: 900 square feet
Price per sq ft: $339
Tax Annual Amount: $1,700
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.516417, -52.805418]
Rooms
Basement | Laundry room Bedroom Bedroom | 10x12 null 10x13 null 12x14 null |
Main level | Kitchen Bath (# pieces 1-6) Bedroom Bedroom Family room | 210x10 null 6x8 null 10x10 null 10x14 null 10x13 null |
Basic Calculator
First Mortgage: $244,000
Mortgage insurance premium: $0
Total Financing: $244,000
Rough closing fee (1.5%): ~ $4,575
Total downpayment with estimated closing fee: $65,575
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $991 | $11,892 |
Gross rental income (income/principal ratio) | 0.325% | 3.899% |
Mortgage | $0 | $0 |
Monthly Expenses | $382 | $4,584 |
Vacancy | $50 | $595 |
Management Fee | $80 | $952 |
Expense / Income Ratio | 38.55% | 38.55% |
Cash Flow | $481 | $5,772 |
Net Operating Income (NOI) | $481 | $5,772 |
Capitalization Rate | 0.16% | 1.89% |