About the property (MLS: 1280514):
Mount Pearl 2 apartment with tenants in place who would like to stay. 3 bedrooms on main floor with 2 bedroom unregistered apt downstairs. Very private rear yard with vehicle access, mature trees and fenced. Centrally located and within walking distance to Centennial Square, ST. David's Park, etc. HST, if any to be the responsibility of the Buyer. (id:56688)
Property Details
MLS: 1280514
Listing ID: 27822535
Address: 6 Ruth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1X4
Status: Active
Last updated: 24 days ago ( Jan 20, 2025 )
Year Built: 1955
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,016 square feet
Price per sq ft: $134
Tax Annual Amount: $1,863
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Forced air, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.520516, -52.808972]
Listing ID: 27822535
Address: 6 Ruth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1X4
Status: Active
Last updated: 24 days ago ( Jan 20, 2025 )
Year Built: 1955
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,016 square feet
Price per sq ft: $134
Tax Annual Amount: $1,863
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Forced air, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.520516, -52.808972]
Rooms
Basement | Not known Not known Living room Not known | 12-6 X 9-6 null 13-0 X 10-3 null 13-6 X 12-7 null 12-9 X 7-7 null |
Main level | Bedroom Bedroom Primary Bedroom Living room Dining room Kitchen | 10-4 X 9-5 null 12-11 X 8-3 null 14-3 X 11-0 null 16-8 X 12-8 null 11-4 X 11-2 null 10-6 X 8-2 null |
Basic Calculator
First Mortgage: $215,920
Mortgage insurance premium: $0
Total Financing: $215,920
Rough closing fee (1.5%): ~ $4,049
Total downpayment with estimated closing fee: $58,029
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,218 | $26,616 |
Gross rental income (income/principal ratio) | 0.822% | 9.861% |
Mortgage | $0 | $0 |
Monthly Expenses | $338 | $4,056 |
Vacancy | $111 | $1,331 |
Management Fee | $178 | $2,130 |
Expense / Income Ratio | 15.24% | 15.24% |
Cash Flow | $1,592 | $19,104 |
Net Operating Income (NOI) | $1,592 | $19,104 |
Capitalization Rate | 0.59% | 7.08% |
Capitalization Rate: 7.08%
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).): $385,572