For sale · MLS® 1301412
434 Allandale Road
St. John's, NL, A1B4E8
List price
$750,000
About this propertyMLS® 1301412
This old farmhouse sits on almost an acre of prime coveted land in Pippy Park with 224’ of road frontage on Allandale Road less than 100’ east of the entrance to the Golf Course. Backed by the golf course, It features a 180 degree panoramic, unobstructed view of Signal Hill, the Narrows, the Basilica, the Rooms, Memorial University campus, the old city and a host of other cool places. A thorough renovation of the old house consistent with other major redevelopments the Pippy Park Commission may entertain would make this location the envy of all other “one of” in the City of St. John’s. It is truly a park within a park with potential limited only by one’s imagination. Check out the attached drone video. (id:56688)
Property details
Coordinates: [47.58362, -52.748615]
Rooms
| Other | Other | SEE REMARKS null |
Basic Calculator
First Mortgage: $600,000
Mortgage insurance premium: $0
Total Financing: $600,000
Rough closing fee (1.5%): ~ $11,250
Total downpayment with estimated closing fee: $161,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,585 | $31,020 |
| Gross rental income (income/principal ratio) | 0.345% | 4.136% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $938 | $11,256 |
| Vacancy | $130 | $1,551 |
| Management Fee | $207 | $2,482 |
| Expense / Income Ratio | 36.29% | 36.29% |
| Cash Flow | $1,311 | $15,732 |
| Net Operating Income (NOI) | $1,311 | $15,732 |
| Capitalization Rate | 0.17% | 2.10% |
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