For sale · MLS® 1303075
389 Back Line
St. John's, NL, A1S1A4
List price
$499,900
About this propertyMLS® 1303075
RARE FIND - Huge 2 apartment home with 2100 sq ft on main floor. Move in condition. This home gives room sizes you'll never again see at this price point; A Master bdrm 15 x 15, a main floor Family room at 23 x 20, main floor laundry and more. The Home is fully developed and the lower level has a large one bedroom apt (900 sq ft), plus rec room, bedroom, games room and storage for the upstairs occupant. The 150 ft deep Lot is back sloping with drive in access to the walk out basement and the detached garage (unheated- but wired). Many updates over the years; Plus a recent refresh after last tenants moved out. Shingles on home and garage replaced in 2017. Built by owners for their use, with several features incorporated during construction; Plywood roof and walls, full 2 inch rigid insulation under the concrete floor slab. Note 3D Virtual Tour attached. In Realtor.ca app look for Video Icon to view the 3D Tour. (id:56688)
Property details
Coordinates: [47.462611, -52.783377]
Rooms
| Lower level | Not known Bath (# pieces 1-6) Not known Not known Not known Storage Games room Bedroom Recreation room | 9.6 x 8 null 4 pc 14 x 11 null 19 x 12 null 23 x 12 null 13 x 7 null 23 x 12 null 13.6 x 11 null 17.6 x 11 null |
| Main level | Bath (# pieces 1-6) Laundry room Family room Ensuite Bedroom Primary Bedroom Eat in kitchen Living room/Dining room | 4 pc 7 x 6 null 23 x 20 null 10.6 x 6 null 21 x 11 null 15.6 x 15 null 18 x 11 null 24 x 15 null |
Basic Calculator
First Mortgage: $399,920
Mortgage insurance premium: $0
Total Financing: $399,920
Rough closing fee (1.5%): ~ $7,499
Total downpayment with estimated closing fee: $107,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,400 | $52,800 |
| Gross rental income (income/principal ratio) | 0.880% | 10.562% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $220 | $2,640 |
| Management Fee | $352 | $4,224 |
| Expense / Income Ratio | 14.20% | 14.20% |
| Cash Flow | $3,203 | $38,436 |
| Net Operating Income (NOI) | $3,203 | $38,436 |
| Capitalization Rate | 0.64% | 7.69% |
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