44 MacFarlane Street
St. John's, NL, A1C4T6
2 Beds | 1 Bath
$129,900
About the property (MLS: 1283056):
Smack dab in the middle of the downtown core! This semi attached home needs a full renovation inside. Ideal location to renovate for yourself or a flip project! Please note that this home is not livable presently and requires most interior finishes to be upgraded. (id:56688)
Property Details
MLS: 1283056
Listing ID: 28088938
Address: 44 MacFarlane Street, St. John's, Newfoundland & Labrador, Canada A1C4T6
Status: Active
Last updated: 2 months ago ( Mar 28, 2025 )
Year Built: 1940
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,000 square feet
Price per sq ft: $130
Tax Annual Amount: $971
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 6
Rurl
Coordinates: [47.559697, -52.716355]
Listing ID: 28088938
Address: 44 MacFarlane Street, St. John's, Newfoundland & Labrador, Canada A1C4T6
Status: Active
Last updated: 2 months ago ( Mar 28, 2025 )
Year Built: 1940
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,000 square feet
Price per sq ft: $130
Tax Annual Amount: $971
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 6
Rurl
Coordinates: [47.559697, -52.716355]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom | 4PC null 8x8 null 8x8 null |
| Main level | Kitchen Living room | 11x11 null 11x11 null |
Basic Calculator
First Mortgage: $103,920
Mortgage insurance premium: $0
Total Financing: $103,920
Rough closing fee (1.5%): ~ $1,949
Total downpayment with estimated closing fee: $27,929
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,100 | $13,200 |
| Gross rental income (income/principal ratio) | 0.847% | 10.162% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $163 | $1,956 |
| Vacancy | $55 | $660 |
| Management Fee | $88 | $1,056 |
| Expense / Income Ratio | 14.82% | 14.82% |
| Cash Flow | $794 | $9,528 |
| Net Operating Income (NOI) | $794 | $9,528 |
| Capitalization Rate | 0.61% | 7.33% |
Capitalization Rate: 7.33%
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).): $185,572
