6 Ruth Avenue
Mount Pearl, NL, A1N1X4
5 Beds | 2 Baths
$269,900
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. (id:56688)
Property Details
MLS: 1280514
Listing ID: 27822535
Address: 6 Ruth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1X4
Status: Active
Last updated: 2 months ago ( Mar 16, 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: 2 months ago ( Mar 16, 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
