About the property (MLS: 1280785):
A tastefully designed duplex featuring an attached garage, conveniently situated near MUN, Health Science Centre, and Avalon Mall. Check out the views overlooking the city. This home offers an open concept layout with two bedrooms and a full bathroom on the main floor. The lower level has a third bedroom, another full bathroom, and laundry facilities plus an additional exterior door at the rear. Complete landscaping, and a 7-year Atlantic Home Warranty. Interior photos are sample photos from another property to show the finishes. (id:56688)
Property Details
MLS: 1280785
Listing ID: 27787606
Address: 19 Lynch Place, St. John's, Newfoundland & Labrador, Canada A1B4L8
Status: Active
Last updated: 9 days ago ( Jan 10, 2025 )
Year Built: 2024
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: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Living Area Total: 1,435 square feet
Price per sq ft: $256
Tax Annual Amount: $3,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.555448, -52.750578]
Listing ID: 27787606
Address: 19 Lynch Place, St. John's, Newfoundland & Labrador, Canada A1B4L8
Status: Active
Last updated: 9 days ago ( Jan 10, 2025 )
Year Built: 2024
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: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Living Area Total: 1,435 square feet
Price per sq ft: $256
Tax Annual Amount: $3,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.555448, -52.750578]
Rooms
Lower level | Bath (# pieces 1-6) Laundry room Bedroom Porch | 4pc 5.2 x 5.5 null 12 x 12.6 null 5 x 4 aprox null |
Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Living room | 4pc 9 x 9 null 12 x 12.5 null 13.10 x 9.4 null 13 x 16 aprox null |
Basic Calculator
First Mortgage: $293,520
Mortgage insurance premium: $0
Total Financing: $293,520
Rough closing fee (1.5%): ~ $5,504
Total downpayment with estimated closing fee: $78,884
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,579 | $18,948 |
Gross rental income (income/principal ratio) | 0.430% | 5.164% |
Mortgage | $0 | $0 |
Monthly Expenses | $459 | $5,508 |
Vacancy | $79 | $948 |
Management Fee | $127 | $1,516 |
Expense / Income Ratio | 29.07% | 29.07% |
Cash Flow | $915 | $10,980 |
Net Operating Income (NOI) | $915 | $10,980 |
Capitalization Rate | 0.25% | 2.99% |
Capitalization Rate: 2.99%
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).): $524,143