263 Back Line
St. John's, NL, A1S1A4
3 Beds | 2 Baths
$395,000
About the property (MLS: 1281358):
This beautiful 3-bedroom, 2-story home is situated on a spacious lot in the Goulds, offering plenty of privacy and a fantastic outdoor setting. The home boasts a modernized kitchen, a main floor primary bedroom, main floor laundry, and a roomy living area. Upstairs, you'll find a convenient half bath and two generously sized bedrooms with striking architectural details. The full basement, with low ceilings, offers excellent storage space and easy access from the outside. (id:56688)
Property Details
MLS: 1281358
Listing ID: 27858844
Address: 263 Back Line, St. John's, Newfoundland & Labrador, Canada A1S1A4
Status: Active
Last updated: 2 months ago ( Jan 30, 2025 )
Year Built: 1986
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Propane
Sewer: Septic tank
Flooring: Laminate, Other
Living Area Total: 2,720 square feet
Price per sq ft: $146
Tax Annual Amount: $2,563
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dryer
Water Source: Well
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Propane
Flooring: Laminate, Other
Exterior Features: Wood shingles
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.470493, -52.783689]
Listing ID: 27858844
Address: 263 Back Line, St. John's, Newfoundland & Labrador, Canada A1S1A4
Status: Active
Last updated: 2 months ago ( Jan 30, 2025 )
Year Built: 1986
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Propane
Sewer: Septic tank
Flooring: Laminate, Other
Living Area Total: 2,720 square feet
Price per sq ft: $146
Tax Annual Amount: $2,563
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dryer
Water Source: Well
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Propane
Flooring: Laminate, Other
Exterior Features: Wood shingles
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.470493, -52.783689]
Rooms
| Second level | Bedroom Bedroom Bath (# pieces 1-6) | 10x12 null 10x12 null 2pc |
| Main level | Primary Bedroom Living room Laundry room Kitchen | 10x14 null 15x14 null 5x8 null 10x14 null |
Basic Calculator
First Mortgage: $316,000
Mortgage insurance premium: $0
Total Financing: $316,000
Rough closing fee (1.5%): ~ $5,925
Total downpayment with estimated closing fee: $84,925
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,993 | $35,916 |
| Gross rental income (income/principal ratio) | 0.758% | 9.093% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $494 | $5,928 |
| Vacancy | $150 | $1,796 |
| Management Fee | $240 | $2,874 |
| Expense / Income Ratio | 16.51% | 16.51% |
| Cash Flow | $2,110 | $25,320 |
| Net Operating Income (NOI) | $2,110 | $25,320 |
| Capitalization Rate | 0.53% | 6.41% |
Capitalization Rate: 6.41%
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).): $564,286
