115 Farrell Drive
Mt. Pearl, NL, A1N3G2
3 Beds | 1 Bath
$198,000
About the property (MLS: 1284163):
Welcome to 115 Farrell Drive, an excellent opportunity for first-time homebuyers in the heart of Mount Pearl. This attached home offers a functional layout, with the main floor featuring a bright and spacious family room, a combined kitchen and dining area, and a convenient storage/utility room. Upstairs, you'll find three comfortable bedrooms and a full bathroom, ideal for a growing family or those seeking extra space. The property also includes two-car parking and a fully fenced rear yard.With a little work, this home has the potential to become something truly special. (id:56688)
Property Details
Listing ID: 28216972
Address: 115 Farrell Drive, Mt. Pearl, Newfoundland & Labrador, Canada A1N3G2
Status: Active
Last updated: 25 days ago ( Apr 25, 2025 )
Year Built: 1974
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Mixed Flooring
Fencing: Fence
Living Area Total: 1,314 square feet
Price per sq ft: $151
Tax Annual Amount: $1,426
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete Slab
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 17
Rurl
Coordinates: [47.528323, -52.799406]
Rooms
| Second level | Bedroom Bedroom Bedroom | 11.3x10.11 null 12.4x7.6 null 12.8x11.7 null |
| Main level | Utility room Dining room Kitchen Living room Porch | 14.4x7.7 null 11.4x9.8 null 11.4x11.7 null 14.10x11.7 null 5x6 null |
Basic Calculator
First Mortgage: $158,400
Mortgage insurance premium: $0
Total Financing: $158,400
Rough closing fee (1.5%): ~ $2,970
Total downpayment with estimated closing fee: $42,570
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,446 | $17,352 |
| Gross rental income (income/principal ratio) | 0.730% | 8.764% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $248 | $2,976 |
| Vacancy | $73 | $868 |
| Management Fee | $116 | $1,389 |
| Expense / Income Ratio | 17.15% | 17.15% |
| Cash Flow | $1,011 | $12,132 |
| Net Operating Income (NOI) | $1,011 | $12,132 |
| Capitalization Rate | 0.51% | 6.13% |
