221 Southside Road
St. John's, NL, A1E1A1
2 Beds | 2 Baths
$169,000
About the property (MLS: 1280800):
GREAT INVESTMENT OPPORTUNITY! Welcome to 221 Southside Road. Located close to the downtown area, this is an excellent home for investors. This property has 2 units, each with living room, kitchen, one bedroom and bathroom. The lower unit of this home is currently leased at $725.00 POU. The upper unit is currently vacant which typically rents for $775.00 POU. This property has been diligently maintained by the owner over the years and kept in reasonable good condition. Both units has recently been painted throughout and units have had flooring replaced within last 2 years. With $1500.00 per month coming in and a mortgage payment of $707/month as an investment property, it makes sense to own this property. (id:56688)
Property Details
Listing ID: 27788166
Address: 221 Southside Road, St. John's, Newfoundland & Labrador, Canada A1E1A1
Status: Active
Last updated: 8 days ago ( Jan 10, 2025 )
Year Built: 1949
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Living Area Total: 1,122 square feet
Price per sq ft: $151
Tax Annual Amount: $1,148
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 8
Rurl
Coordinates: [47.553843, -52.710947]
Rooms
| Second level | Bath (# pieces 1-6) Not known Not known Not known | 6x8 null 13x10 null 11x10 null 10x8 null |
| Main level | Bath (# pieces 1-6) Bedroom Kitchen Living room | 6x8 null 11x10 null 10x8 null 11x12 null |
Basic Calculator
First Mortgage: $135,200
Mortgage insurance premium: $0
Total Financing: $135,200
Rough closing fee (1.5%): ~ $2,535
Total downpayment with estimated closing fee: $36,335
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,235 | $14,820 |
| Gross rental income (income/principal ratio) | 0.731% | 8.769% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $212 | $2,544 |
| Vacancy | $62 | $741 |
| Management Fee | $99 | $1,186 |
| Expense / Income Ratio | 17.17% | 17.17% |
| Cash Flow | $863 | $10,356 |
| Net Operating Income (NOI) | $863 | $10,356 |
| Capitalization Rate | 0.51% | 6.13% |
