9 Deanery Avenue
St. John’s, NL, A1E1H5
0 Bed |
$399,900
About the property (MLS: 1281820):
Three apt. In an excellent location. owner has not renewed leases with current tenants in order to allow new owners the opportunity to do a rental increase. Numerous upgrades over the last 7-8 years. Upstairs apt. Renovated 3 years ago. Never a problem to rent all units. Two of the hot water boilers have been replaced in last 18 months. All units have appliances & laundries. Units are under rented by current market rents. Need 24 hrs. Notice for viewings. All rents P.O.U. (id:56688)
Property Details
MLS: 1281820
Listing ID: 27922945
Address: 9 Deanery Avenue, St. John’s, Newfoundland & Labrador, Canada A1E1H5
Status: Active
Last updated: 18 days ago ( Feb 27, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,600 square feet
Price per sq ft: $154
Tax Annual Amount: $2,189
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Aluminum siding, Cedar Siding
Common Interest: Freehold
Number of photos available: 13
Rurl
Coordinates: [47.553425, -52.715735]
Listing ID: 27922945
Address: 9 Deanery Avenue, St. John’s, Newfoundland & Labrador, Canada A1E1H5
Status: Active
Last updated: 18 days ago ( Feb 27, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,600 square feet
Price per sq ft: $154
Tax Annual Amount: $2,189
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Aluminum siding, Cedar Siding
Common Interest: Freehold
Number of photos available: 13
Rurl
Coordinates: [47.553425, -52.715735]
Rooms
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,861 | $34,332 |
| Gross rental income (income/principal ratio) | 0.715% | 8.585% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $144 | $1,717 |
| Management Fee | $229 | $2,747 |
| Expense / Income Ratio | 17.48% | 17.48% |
| Cash Flow | $1,990 | $23,880 |
| Net Operating Income (NOI) | $1,990 | $23,880 |
| Capitalization Rate | 0.50% | 5.97% |
Capitalization Rate: 5.97%
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).): $571,286
