14 Greenspond Drive
St. John's, NL, A1E5Z5
5 Beds | 4 Baths
$350,000
About the property (MLS: 1280889):
This is a large two apartment home, (almost 1400 square ft) located in Cowan Heights. It would make a fantastic home for the growing family OR keep it as an investment property. The shingles were replaced in 2020, the apt has been recently renovated and is currently vacant. Upstairs tenants would like to stay if possible. A seller's direction is in place all offers to be presented by 5:00 pm on Sunday January 19, 2025 and to remain open until 10:00 pm Sunday January 19, 2025. (id:56688)
Property Details
MLS: 1280889
Listing ID: 27803268
Address: 14 Greenspond Drive, St. John's, Newfoundland & Labrador, Canada A1E5Z5
Status: Active
Last updated: a month ago ( Jan 16, 2025 )
Year Built: 1995
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Ceramic Tile
Living Area Total: 2,720 square feet
Price per sq ft: $129
Tax Annual Amount: $2,692
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: Hardwood, Laminate, Ceramic Tile
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.537979, -52.75815]
Listing ID: 27803268
Address: 14 Greenspond Drive, St. John's, Newfoundland & Labrador, Canada A1E5Z5
Status: Active
Last updated: a month ago ( Jan 16, 2025 )
Year Built: 1995
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Ceramic Tile
Living Area Total: 2,720 square feet
Price per sq ft: $129
Tax Annual Amount: $2,692
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: Hardwood, Laminate, Ceramic Tile
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.537979, -52.75815]
Rooms
| Basement | Not known Not known Not known Not known Recreation room | 11x10 null 15x12 null 16x12 null 11x11 null 14x12 null |
| Main level | Bedroom Bedroom Dining room Primary Bedroom Kitchen Living room | 14x9 null 12x9 null 17x14 null 18x11 null 18x12 null 18x14 null |
Basic Calculator
First Mortgage: $280,000
Mortgage insurance premium: $0
Total Financing: $280,000
Rough closing fee (1.5%): ~ $5,250
Total downpayment with estimated closing fee: $75,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,993 | $35,916 |
| Gross rental income (income/principal ratio) | 0.855% | 10.262% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $150 | $1,796 |
| Management Fee | $240 | $2,874 |
| Expense / Income Ratio | 14.63% | 14.63% |
| Cash Flow | $2,166 | $25,992 |
| Net Operating Income (NOI) | $2,166 | $25,992 |
| Capitalization Rate | 0.62% | 7.43% |
Capitalization Rate: 7.43%
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).): $500,000
