About the property (MLS: 1281421):
This Bungalow offers privacy from the main road. It features a large primary bedroom on the main floor, Living/dining room with hardwood floors, Kitchen & full bathroom. The basement has an entrance from the front and offers 2 additional bedrooms, a family room, full bathroom & utility room. (The basement could possibly be renovated to an apartment.) The property also features a detached garage. *As per Sellers directive, no offers to be presented until 2pm Feb 10 and they must be left open until 2pm Feb 13 (id:56688)
Property Details
MLS: 1281421
Listing ID: 27876543
Address: 137 - 139 Dunn's Hill Road, Conception Bay South, Newfoundland & Labrador, Canada A1X7T8
Status: Active
Last updated: a month ago ( Feb 6, 2025 )
Year Built: 1985
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Living Area Total: 1,590 square feet
Price per sq ft: $136
Tax Annual Amount: $1,443
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Number of photos available: 18
Rurl
Coordinates: [47.501444, -52.978792]
Listing ID: 27876543
Address: 137 - 139 Dunn's Hill Road, Conception Bay South, Newfoundland & Labrador, Canada A1X7T8
Status: Active
Last updated: a month ago ( Feb 6, 2025 )
Year Built: 1985
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Living Area Total: 1,590 square feet
Price per sq ft: $136
Tax Annual Amount: $1,443
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Number of photos available: 18
Rurl
Coordinates: [47.501444, -52.978792]
Rooms
Basement | Utility room Bath (# pieces 1-6) Bedroom Bedroom Family room | 26'5 x 7'1 null 3pc 9'7 x 9 null 9'4 x 9 null 13'7 x 13'2 null |
Main level | Bath (# pieces 1-6) Primary Bedroom Kitchen Living room/Dining room | 3pc 16'8 x 10'7 null 14'3 x 8'8 null 13 x 20'1 null |
Basic Calculator
First Mortgage: $171,920
Mortgage insurance premium: $0
Total Financing: $171,920
Rough closing fee (1.5%): ~ $3,224
Total downpayment with estimated closing fee: $46,204
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,750 | $21,000 |
Gross rental income (income/principal ratio) | 0.814% | 9.772% |
Mortgage | $0 | $0 |
Monthly Expenses | $269 | $3,228 |
Vacancy | $88 | $1,050 |
Management Fee | $140 | $1,680 |
Expense / Income Ratio | 15.37% | 15.37% |
Cash Flow | $1,254 | $15,048 |
Net Operating Income (NOI) | $1,254 | $15,048 |
Capitalization Rate | 0.58% | 7.00% |
Capitalization Rate: 7.00%
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).): $307,000