For sale · MLS® 1301264
41 Cashin Avenue
St John's, NL, A1E1C2
List price
$295,000
About this propertyMLS® 1301264
Prime mixed-use opportunity in a high-demand location near Ropewalk Lane Plaza. This R2-zoned property features a well-maintained upstairs 1-bedroom apartment, offering immediate rental income and strong long-term tenant appeal. The main unit provides comfortable living space ideal for professionals, students, or those seeking convenience close to major amenities. Zoning supports multi-unit residential development, making this an excellent option for investors, owner-occupiers, or those exploring future expansion. The surrounding area offers exceptional accessibility, with shopping, dining, transit, and essential services just steps away. A rare chance to secure a versatile property with proven rental potential in one of St. John’s most convenient and commercially active corridors. (id:56688)
Property details
Coordinates: [47.555871, -52.733275]
Rooms
| Second level | Bath (# pieces 1-6) Not known Not known Not known | 10x5 null 10x14.5 null 14.5x15 null 15x8 null |
| Main level | Bath (# pieces 1-6) Bedroom Living room/Dining room | 5.5x5.5 null 9x14 null 19x15 null |
Basic Calculator
First Mortgage: $236,000
Mortgage insurance premium: $0
Total Financing: $236,000
Rough closing fee (1.5%): ~ $4,425
Total downpayment with estimated closing fee: $63,425
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,981 | $23,772 |
| Gross rental income (income/principal ratio) | 0.672% | 8.058% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $369 | $4,428 |
| Vacancy | $100 | $1,189 |
| Management Fee | $159 | $1,902 |
| Expense / Income Ratio | 18.63% | 18.63% |
| Cash Flow | $1,355 | $16,260 |
| Net Operating Income (NOI) | $1,355 | $16,260 |
| Capitalization Rate | 0.46% | 5.51% |
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