197B Freshwater Road
St Johns, NL, A1C2P1
5 Beds | 4 Baths
$599,900
About the property (MLS: 1289254):
Construction starting soon on this beautiful 2 apartment home in a great central location! 7 Year home warranty and generous allowances. (id:56688)
Property Details
MLS: 1289254
Listing ID: 28745414
Address: 197B Freshwater Road, St Johns, Newfoundland & Labrador, Canada A1C2P1
Status: Active
Last updated: 5 months ago ( Aug 19, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,256 square feet
Price per sq ft: $266
Tax Annual Amount: $0
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
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.562926, -52.730408]
Listing ID: 28745414
Address: 197B Freshwater Road, St Johns, Newfoundland & Labrador, Canada A1C2P1
Status: Active
Last updated: 5 months ago ( Aug 19, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,256 square feet
Price per sq ft: $266
Tax Annual Amount: $0
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
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.562926, -52.730408]
Rooms
| Lower level | Not known Not known Not known Not known Laundry room Family room | 11x9 null 11x10 null 14.8x12 null 13x12 null 11x7 null 16.6x11 null |
| Main level | Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 9.8x8 null 11x9.6 null 14x12 null 13x12.8 null 11x7 null 14x11.6 null |
Basic Calculator
First Mortgage: $479,920
Mortgage insurance premium: $0
Total Financing: $479,920
Rough closing fee (1.5%): ~ $8,999
Total downpayment with estimated closing fee: $128,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,482 | $29,784 |
| Gross rental income (income/principal ratio) | 0.414% | 4.965% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $750 | $9,000 |
| Vacancy | $125 | $1,490 |
| Management Fee | $199 | $2,383 |
| Expense / Income Ratio | 30.22% | 30.22% |
| Cash Flow | $1,410 | $16,920 |
| Net Operating Income (NOI) | $1,410 | $16,920 |
| Capitalization Rate | 0.24% | 2.82% |
Capitalization Rate: 2.82%
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).): $857,000
