About the property (MLS: 1281473):
Very well-kept grade entry bungalow with attached garage. Ideal for someone wanting everything on one level. Nice open concept design with large kitchen with breakfast bar plus extra pantry, dining area and living room, with 2 bedrooms on the main, ensuite with large soaker tub plus stand-up shower, family room in the basement plus half bath and storage area. Some hardwood floors, dual head mini split heating system to help with energy costs and comfort. Registered 2-bedroom basement apt with laundry, fully fenced backyard with shed. (id:56688)
Property Details
MLS: 1281473
Listing ID: 27875259
Address: 51 Teakwood Drive, St. John's, Newfoundland & Labrador, Canada A1H1A8
Status: Active
Last updated: 14 days ago ( Mar 2, 2025 )
Year Built: 2011
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Fencing: Fence
Living Area Total: 2,395 square feet
Price per sq ft: $226
Tax Annual Amount: $3,685
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 41
Rurl
Coordinates: [47.487351, -52.820849]
Listing ID: 27875259
Address: 51 Teakwood Drive, St. John's, Newfoundland & Labrador, Canada A1H1A8
Status: Active
Last updated: 14 days ago ( Mar 2, 2025 )
Year Built: 2011
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Fencing: Fence
Living Area Total: 2,395 square feet
Price per sq ft: $226
Tax Annual Amount: $3,685
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 41
Rurl
Coordinates: [47.487351, -52.820849]
Rooms
Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Not known Storage Bath (# pieces 1-6) Family room | 5.1x7.10 null 10.6x11 null 5x4 null 8.10x12.4 null 10x11 null 10.6x11 null 15.2x9.6 null 7.2x8.6 null 5.10x5.7 null 12.9x15.8 null |
Main level | Not known Laundry room Bath (# pieces 1-6) Ensuite Primary Bedroom Bedroom Living room Dining nook Kitchen | 21.1x19.10 null 5.8x9.11 null 6.3x8.10 null 6.3x12.4 null 12.10x12.4 null 10.7xx9.11 null 11x13 null 14x12 null 14x12 null |
Basic Calculator
First Mortgage: $431,920
Mortgage insurance premium: $0
Total Financing: $431,920
Rough closing fee (1.5%): ~ $8,099
Total downpayment with estimated closing fee: $116,079
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,635 | $31,620 |
Gross rental income (income/principal ratio) | 0.488% | 5.857% |
Mortgage | $0 | $0 |
Monthly Expenses | $675 | $8,100 |
Vacancy | $132 | $1,581 |
Management Fee | $211 | $2,530 |
Expense / Income Ratio | 25.62% | 25.62% |
Cash Flow | $1,618 | $19,416 |
Net Operating Income (NOI) | $1,618 | $19,416 |
Capitalization Rate | 0.30% | 3.60% |
Capitalization Rate: 3.60%
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).): $771,286