About the property (MLS: 1281448):
Unveil the future of urban chic with this promising property, featuring 3 bedrooms, 1 bathroom, and a generous 1500 square feet of space. While it calls for a full cosmetic makeover, its location in the heart of downtown, combined with the luxury of off-street parking and a fenced yard, makes it an unparalleled project. Here, every renovation step you take will increase its charm and value, making it not just a home, but a personal statement. (id:56688)
Property Details
MLS: 1281448
Listing ID: 27871331
Address: 63 Lime Street, St. John's, Newfoundland & Labrador, Canada A1C4H7
Status: Active
Last updated: 10 days ago ( Feb 3, 2025 )
Year Built: 1974
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, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Fencing: Fence
Living Area Total: 1,500 square feet
Price per sq ft: $105
Tax Annual Amount: $2,076
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
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 9
Rurl
Coordinates: [47.56215, -52.713587]
Listing ID: 27871331
Address: 63 Lime Street, St. John's, Newfoundland & Labrador, Canada A1C4H7
Status: Active
Last updated: 10 days ago ( Feb 3, 2025 )
Year Built: 1974
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, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Fencing: Fence
Living Area Total: 1,500 square feet
Price per sq ft: $105
Tax Annual Amount: $2,076
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
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 9
Rurl
Coordinates: [47.56215, -52.713587]
Rooms
Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom | 7'8"" x 6'7"" null 10'1"" x 10' null 11' x 8'5"" null 9'3"" x 15'1"" null |
Main level | Kitchen Living room | 6'11"" x 18'5"" null 13'10"" x 11'8"" null |
Basic Calculator
First Mortgage: $126,000
Mortgage insurance premium: $0
Total Financing: $126,000
Rough closing fee (1.5%): ~ $2,363
Total downpayment with estimated closing fee: $33,863
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,651 | $19,812 |
Gross rental income (income/principal ratio) | 1.048% | 12.579% |
Mortgage | $0 | $0 |
Monthly Expenses | $197 | $2,364 |
Vacancy | $83 | $991 |
Management Fee | $133 | $1,585 |
Expense / Income Ratio | 11.93% | 11.93% |
Cash Flow | $1,240 | $14,880 |
Net Operating Income (NOI) | $1,240 | $14,880 |
Capitalization Rate | 0.79% | 9.45% |
Capitalization Rate: 9.45%
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).): $225,000