43 Cookstown Road
St. John's, NL, A1C4G7
3 Beds | 2 Baths
$189,900
About the property (MLS: 1281698):
This detached 2 storey home located steps from downtown and close to hospitals, Memorial University, and schools. Three bedrooms and 1.5 bathrooms ,vinyl windows and siding (new front door to be installed once weather permits) Main floor laundry, crown mouldings and laminate floors. The property has a fenced backyard and shed, plus a pressure treated patio on back. There is a shared driveway with access to the back. Ideal starter home or great investment property. (id:56688)
Property Details
MLS: 1281698
Listing ID: 27930265
Address: 43 Cookstown Road, St. John's, Newfoundland & Labrador, Canada A1C4G7
Status: Active
Last updated: a month ago ( Feb 19, 2025 )
Year Built: 1950
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: Hot water radiator heat, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,558 square feet
Price per sq ft: $122
Tax Annual Amount: $1,126
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.563497, -52.716235]
Listing ID: 27930265
Address: 43 Cookstown Road, St. John's, Newfoundland & Labrador, Canada A1C4G7
Status: Active
Last updated: a month ago ( Feb 19, 2025 )
Year Built: 1950
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: Hot water radiator heat, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,558 square feet
Price per sq ft: $122
Tax Annual Amount: $1,126
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.563497, -52.716235]
Rooms
| Second level | Bath (# pieces 1-6) Other Bedroom Bedroom | B4 null 8'9x 10'7 null 10'5 x 16'6 null 8'3 x 11'7 null |
| Main level | Bath (# pieces 1-6) Laundry room Bedroom Kitchen Living room | B2 null Laundry null 10 x 12'8 null 15'3 x 13 null 10'3 x 18 null |
Basic Calculator
First Mortgage: $151,920
Mortgage insurance premium: $0
Total Financing: $151,920
Rough closing fee (1.5%): ~ $2,849
Total downpayment with estimated closing fee: $40,829
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,714 | $20,568 |
| Gross rental income (income/principal ratio) | 0.903% | 10.831% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $238 | $2,856 |
| Vacancy | $86 | $1,029 |
| Management Fee | $138 | $1,646 |
| Expense / Income Ratio | 13.89% | 13.89% |
| Cash Flow | $1,254 | $15,048 |
| Net Operating Income (NOI) | $1,254 | $15,048 |
| Capitalization Rate | 0.66% | 7.92% |
Capitalization Rate: 7.92%
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).): $271,286
