41 Cashin Avenue
St. John's, NL, A1E3A9
4 Beds | 2 Baths
$385,000
About the property (MLS: 1284346):
Prime Mixed-Use Property Near Commercial Hubs Located near Ropewalk Lane Plaza and 43 Cashin Ave, this R2-zoned property presents a fantastic opportunity for residential rentals. With zoning that supports multi-unit residential development, this property is ideal for investors or those looking to generate steady rental income. The surrounding area offers excellent convenience, with shopping centers, dining options, and essential services just moments away. Whether you're seeking a long-term investment or exploring redevelopment potential, this property is a rare find in a high-demand area. Don't miss the chance to capitalize on this prime location and its outstanding rental prospects! (id:56688)
Property Details
Listing ID: 28239315
Address: 41 Cashin Avenue, St. John's, Newfoundland & Labrador, Canada A1E3A9
Status: Active
Last updated: 11 days ago ( May 9, 2025 )
Year Built: 1970
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood
Living Area Total: 1,800 square feet
Price per sq ft: $214
Tax Annual Amount: $5,763
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Hardwood
Exterior Features: Other
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.55714, -52.734198]
Rooms
| Main level | Bedroom Bath (# pieces 1-6) Bedroom Living room | 9x6 null 5x5 null 14x15 null 15x15 null |
| Other | Not known | 22x33 null |
| Second level | Bedroom Bath (# pieces 1-6) Not known Not known | 14.5x10 null 5x10 null 15x15 null 15x8 null |
Basic Calculator
First Mortgage: $308,000
Mortgage insurance premium: $0
Total Financing: $308,000
Rough closing fee (1.5%): ~ $5,775
Total downpayment with estimated closing fee: $82,775
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,981 | $23,772 |
| Gross rental income (income/principal ratio) | 0.515% | 6.175% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $482 | $5,784 |
| Vacancy | $100 | $1,189 |
| Management Fee | $159 | $1,902 |
| Expense / Income Ratio | 24.33% | 24.33% |
| Cash Flow | $1,242 | $14,904 |
| Net Operating Income (NOI) | $1,242 | $14,904 |
| Capitalization Rate | 0.32% | 3.87% |
