For sale · MLS® 1303211
184 Forest Road
St. John's, NL, A1A1E6
List price
$490,000
About this propertyMLS® 1303211
This beautiful home is a great example of the Second Empire architectural style that became popular in the late 1800s and is one of the oldest homes along the easterly section of Forest Road. Situated on 0.41 of an acre with sweeping views, it is feels removed from the City while being walking distance to Downtown, Quidi Vidi Village and Signal Hill. The mainfloor has a spacious rear addition featuring an eat-in kitchen and a mudroom with laundry. The living room with propane fireplace has wonderful natural light and overlooks the spacious front yard and Quidi Vidi Lake. The main floor also features a large home office or cozy dining room. Upstairs there are two well sized bedrooms as well as a beautifully update bathroom. A 12x17 detached garage/shed was built in 2007 with an intentional design to match the historic charm of the home. The property extends up the hill behind to house to a vegetable garden and eventually to little-used public walking trails that connect to Cuckholds Cove, Signall Hill and the Johnson GeoPark. With some of the best views of the City's fireworks, this home has been tastefully modernized will retaining its historic charm. (id:56688)
Property details
Coordinates: [47.578736, -52.68684]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Primary Bedroom | 4pc 9.10 x 11.0 null 11.0 x 13.0 null |
| Main level | Laundry room Dining room Eat in kitchen Living room Porch | 15.4 x 5.6 null 8.8 x 14.5 null 11.7 x 20.7 null 14.5 x 12.11 null 4.5 x 4.0 null |
Basic Calculator
First Mortgage: $392,000
Mortgage insurance premium: $0
Total Financing: $392,000
Rough closing fee (1.5%): ~ $7,350
Total downpayment with estimated closing fee: $105,350
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,729 | $20,748 |
| Gross rental income (income/principal ratio) | 0.353% | 4.234% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $613 | $7,356 |
| Vacancy | $87 | $1,038 |
| Management Fee | $139 | $1,660 |
| Expense / Income Ratio | 35.45% | 35.45% |
| Cash Flow | $892 | $10,704 |
| Net Operating Income (NOI) | $892 | $10,704 |
| Capitalization Rate | 0.18% | 2.18% |
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