95 Commonwealth Avenue
Mount Pearl, NL, A1N1X1
3 Beds | 2 Baths
$220,000
About the property (MLS: 1280537):
Welcome to this newly renovated semi detached home located in Mount Pearl. Bright and inviting, the home has been renovated from top to bottom on every floor. With 3 beds, 1.5 baths, and a fully developed basement, it is a great find at this price point. A stones throw from Smallwood Park and a short walk to grocery stores etc, the home is sure to impress. No conveyance of offers until 7pm January 6th as per sellers directions. (id:56688)
Property Details
MLS: 1280537
Listing ID: 27767867
Address: 95 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1X1
Status: Active
Last updated: 13 days ago ( Jan 6, 2025 )
Year Built: 1979
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,740 square feet
Price per sq ft: $127
Tax Annual Amount: $1,379
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Brick
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.513223, -52.80165]
Listing ID: 27767867
Address: 95 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1X1
Status: Active
Last updated: 13 days ago ( Jan 6, 2025 )
Year Built: 1979
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,740 square feet
Price per sq ft: $127
Tax Annual Amount: $1,379
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Brick
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.513223, -52.80165]
Rooms
| Basement | Den Laundry room Bath (# pieces 1-6) Family room | 8x14.4 null 8.2x5.3 null 4.7x4.1 null 22.7x8 null |
| Second level | Bedroom Bedroom Primary Bedroom | 9.7x10 null 9.8x8 null 12.8x11 null |
| Main level | Foyer Dining room Kitchen Living room | 6.6x94 null 7.2x11 null 8x11 null 11.6x16 null |
Basic Calculator
First Mortgage: $176,000
Mortgage insurance premium: $0
Total Financing: $176,000
Rough closing fee (1.5%): ~ $3,300
Total downpayment with estimated closing fee: $47,300
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,915 | $22,980 |
| Gross rental income (income/principal ratio) | 0.870% | 10.445% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $275 | $3,300 |
| Vacancy | $96 | $1,149 |
| Management Fee | $154 | $1,839 |
| Expense / Income Ratio | 14.36% | 14.36% |
| Cash Flow | $1,392 | $16,704 |
| Net Operating Income (NOI) | $1,392 | $16,704 |
| Capitalization Rate | 0.63% | 7.59% |
Capitalization Rate: 7.59%
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).): $314,286
