40 Sauve Street
Mount Pearl, NL, A1N4K4
5 Beds | 3 Baths
$359,900
About the property (MLS: 1282187):
Wonderful investment in a fantastic location in Mount Pearl. This 2-apartment has had several updates including but not limited to: Windows, plumbing, deck, Kitchens, baths, flooring in kitchen, lower level dishwasher, freshly painted and other odds and ends have been improved. There is a 16 x 20 detached garage in the back. A really nice place to live, be sure to check this one out. (id:56688)
Property Details
MLS: 1282187
Listing ID: 27977104
Address: 40 Sauve Street, Mount Pearl, Newfoundland & Labrador, Canada A1N4K4
Status: Active
Last updated: 13 days ago ( Mar 11, 2025 )
Year Built: 1981
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,001 square feet
Price per sq ft: $180
Tax Annual Amount: $2,184
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.517013, -52.831074]
Listing ID: 27977104
Address: 40 Sauve Street, Mount Pearl, Newfoundland & Labrador, Canada A1N4K4
Status: Active
Last updated: 13 days ago ( Mar 11, 2025 )
Year Built: 1981
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,001 square feet
Price per sq ft: $180
Tax Annual Amount: $2,184
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.517013, -52.831074]
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Living room/Dining room Kitchen Laundry room Bath (# pieces 1-6) Recreation room | 3.3 x 5.7 null 4.11 x 9.4 null 9.8 x 9.11 null 8.11 x 9.7 null 10.6 x 14.1 null 8.8 x 9.8 null 3.8 x 4.8 null 2pc 160 Sqft null |
| Main level | Bedroom Bedroom Primary Bedroom Bath (# pieces 1-6) Dining room Living room Foyer | 8.7 x 10.5 null 8.2 x 11.3 null 11.3 x 11.3 null 4.11 x 11.3 null 9 x 11.3 null 11.1 x 15 null 3.4 x 5.11 null |
Basic Calculator
First Mortgage: $287,920
Mortgage insurance premium: $0
Total Financing: $287,920
Rough closing fee (1.5%): ~ $5,399
Total downpayment with estimated closing fee: $77,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,202 | $26,424 |
| Gross rental income (income/principal ratio) | 0.612% | 7.342% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $111 | $1,322 |
| Management Fee | $177 | $2,114 |
| Expense / Income Ratio | 20.44% | 20.44% |
| Cash Flow | $1,466 | $17,592 |
| Net Operating Income (NOI) | $1,466 | $17,592 |
| Capitalization Rate | 0.41% | 4.89% |
Capitalization Rate: 4.89%
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).): $514,143
