51 Mcgrath Crescent
Mount Pearl, NL, A1N4G8
4 Beds | 3 Baths
$379,900
About the property (MLS: 1282398):
this one won’t last long! Great two apt. In Powers pond. Close to shopping, schools etc. Lovely hardwood in LR, DR, Hallway, laminate in three bedrooms. Deck, Shed in a fenced backyard. Cabinets painted and 1/2 bath off rec room redone Nice size rec. room with 1/2 bath off. Roof re-shingled in 2020. To view. 24 hr. Notice for tenant downstairs. See Sellers Direction. Accepting offers until 9:00pm on the 15th of March and all offers to be left open until 3:00pm on the 16th of March (id:56688)
Property Details
MLS: 1282398
Listing ID: 28006990
Address: 51 Mcgrath Crescent, Mount Pearl, Newfoundland & Labrador, Canada A1N4G8
Status: Active
Last updated: 6 days ago ( Mar 17, 2025 )
Year Built: 1991
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Living Area Total: 2,108 square feet
Price per sq ft: $181
Tax Annual Amount: $3,480
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Oven - Built-In
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.515275, -52.824863]
Listing ID: 28006990
Address: 51 Mcgrath Crescent, Mount Pearl, Newfoundland & Labrador, Canada A1N4G8
Status: Active
Last updated: 6 days ago ( Mar 17, 2025 )
Year Built: 1991
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Living Area Total: 2,108 square feet
Price per sq ft: $181
Tax Annual Amount: $3,480
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Oven - Built-In
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.515275, -52.824863]
Rooms
| Basement | Living room Kitchen Bedroom Utility room Recreation room | 11 x 8 null 22.5 x 10.5 null |
| Main level | Dining room Bedroom Bedroom Primary Bedroom Kitchen Living room | 11 x 8 null 9 x 8 null 9 x 9.5 null 11 x 11 null 14 x 10 null 14 x 11 null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,319 | $27,828 |
| Gross rental income (income/principal ratio) | 0.610% | 7.325% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $116 | $1,392 |
| Management Fee | $186 | $2,227 |
| Expense / Income Ratio | 20.48% | 20.48% |
| Cash Flow | $1,543 | $18,516 |
| Net Operating Income (NOI) | $1,543 | $18,516 |
| Capitalization Rate | 0.41% | 4.87% |
Capitalization Rate: 4.87%
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).): $542,715
