For sale · MLS® 1302853
28 Sorrel Drive
St. John's, NL, A1B4S5
List price
$329,900
About this propertyMLS® 1302853
Conveniently located next to O'Leary Industrial Park and just minutes from Memorial University and the Avalon Mall, this one owner, three bedroom duplex offers excellent value. The main level features a bright living room, kitchen and eating area, while the upper level includes three bedrooms and the main bathroom. The lower Level provides additional living space with a family room, a combined half bath and laundry room, and two storage rooms. Additional features include a 200 amp electrical panel, a new exterior door off the kitchen and roof shingles replaced within the past five years. The fenced rear yard offers mature, trees, a patio and two storage sheds. The dwelling is fully furnished throughout. All existing furniture and appliances are included in the sale, along with the piano, cooking utensils, storage-room shelving and contents of the storage sheds. This is an excellent opportunity for first time buyers, investors or anyone seeking a conveniently located, move-in ready property. The sale of this property is subject to the Estate obtaining probate. (id:56688)
Property details
Coordinates: [47.56305, -52.770586]
Rooms
| Lower level | Storage Storage Family room Laundry room | 11.5x14.5 null 6x10 null 10x12 null 5.5x7.5 null |
| Second level | Primary Bedroom Bedroom Bedroom | 10.4x12.8 null 9.2x9 null 9.4x10.8 null |
| Main level | Living room Porch Kitchen | 12.6x12.8 null 6x7.2 null 19.4x11 null |
Basic Calculator
First Mortgage: $263,920
Mortgage insurance premium: $0
Total Financing: $263,920
Rough closing fee (1.5%): ~ $4,949
Total downpayment with estimated closing fee: $70,929
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,459 | $17,508 |
| Gross rental income (income/principal ratio) | 0.442% | 5.307% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $413 | $4,956 |
| Vacancy | $73 | $876 |
| Management Fee | $117 | $1,401 |
| Expense / Income Ratio | 28.31% | 28.31% |
| Cash Flow | $857 | $10,284 |
| Net Operating Income (NOI) | $857 | $10,284 |
| Capitalization Rate | 0.26% | 3.12% |
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