About the property (MLS: 1281277):
Looking for a perfect starter or investment property. This home offers great rental potential, offering 2.5 baths, 4 possibly 5 bedrooms, (dining room) plus parking for two cars. Why rent when you can own for this fantastic price. Maybe even take in a few roommates and help pay your mortgage. Located within walking distance to MUN, the Avalon Mall, and many schools and churches. This property is located on major bus routes and is ready for immediate occupancy. As per Sellers Direction, no offers will be presented prior to 4 pm on the 30th of January, 2025. (id:56688)
Property Details
Listing ID: 27848454
Address: 41 Faulkner Street, St. John's, Newfoundland & Labrador, Canada A1B5E2
Status: Active
Last updated: 16 days ago ( Jan 29, 2025 )
Year Built: 2008
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,990 square feet
Price per sq ft: $146
Tax Annual Amount: $2,319
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: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.566595, -52.769441]
Rooms
Basement | Storage Laundry room Bedroom | TBD TBD 10 x 12 null |
Second level | Bedroom Bedroom Primary Bedroom | 10' 8 x 10 null 9 x 13 null 11 ' 6 x 15 ' 4 null |
Main level | Porch Bath (# pieces 1-6) Living room Dining room Kitchen | 4' 6 x 4' 8 null B2 null 11 ' 6 x 13 '8 null 11 x 12 null 11 x 18 null |
Basic Calculator
First Mortgage: $231,920
Mortgage insurance premium: $0
Total Financing: $231,920
Rough closing fee (1.5%): ~ $4,349
Total downpayment with estimated closing fee: $62,329
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,189 | $26,268 |
Gross rental income (income/principal ratio) | 0.755% | 9.061% |
Mortgage | $0 | $0 |
Monthly Expenses | $363 | $4,356 |
Vacancy | $110 | $1,314 |
Management Fee | $176 | $2,102 |
Expense / Income Ratio | 16.58% | 16.58% |
Cash Flow | $1,542 | $18,504 |
Net Operating Income (NOI) | $1,542 | $18,504 |
Capitalization Rate | 0.53% | 6.38% |