23-25 Station Road
Brigus, NL, A1A1K0
3 Beds | 1 Bath
$179,000
About the property (MLS: 1280448):
This Beautiful Bungalow in Historic Brigus has so much Potential & ready for a well deserved Renovation! Being partial stripped out you have the opportunity to make this historic home your own! Some exterior renovations have been completed over the years. At this stage you can make this your dream property or this location can have commercial business opportunities .Imagine the possibilities in sough after BRIGUS. (id:56688)
Property Details
MLS: 1280448
Listing ID: 27747260
Address: 23-25 Station Road, Brigus, Newfoundland & Labrador, Canada A1A1K0
Status: Active
Last updated: a month ago ( Dec 19, 2024 )
Year Built: 1919
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: 1,200 square feet
Price per sq ft: $150
Tax Annual Amount: $600
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Stone
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 0
Rurl
Coordinates: [47.53446, -53.219936]
Listing ID: 27747260
Address: 23-25 Station Road, Brigus, Newfoundland & Labrador, Canada A1A1K0
Status: Active
Last updated: a month ago ( Dec 19, 2024 )
Year Built: 1919
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: 1,200 square feet
Price per sq ft: $150
Tax Annual Amount: $600
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Stone
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 0
Rurl
Coordinates: [47.53446, -53.219936]
Rooms
| Main level | Bedroom Living room Kitchen | 12x14 null 11x14 null 12x12 null |
Basic Calculator
First Mortgage: $143,200
Mortgage insurance premium: $0
Total Financing: $143,200
Rough closing fee (1.5%): ~ $2,685
Total downpayment with estimated closing fee: $38,485
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,320 | $15,840 |
| Gross rental income (income/principal ratio) | 0.737% | 8.849% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $224 | $2,688 |
| Vacancy | $66 | $792 |
| Management Fee | $106 | $1,268 |
| Expense / Income Ratio | 16.97% | 16.97% |
| Cash Flow | $925 | $11,100 |
| Net Operating Income (NOI) | $925 | $11,100 |
| Capitalization Rate | 0.52% | 6.20% |
Capitalization Rate: 6.20%
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).): $255,715
