For sale · MLS® 1303299
89 Rotary Drive
St. John's, NL, A1E0C2
List price
$499,900
About this propertyMLS® 1303299
Welcome to 89 Rotary Drive — a fantastic opportunity for investors or buyers looking to offset their mortgage with rental income. Centrally located and offering a practical, well-designed layout, this two-apartment home offers flexibility, functionality, and excellent income potential. The bright and spacious main unit features three bedrooms, including a generous primary suite complete with its own ensuite and walk-in closet. The comfortable living spaces and functional layout make the home equally appealing as an investment or owner-occupied property. The two-bedroom apartment is a standout, featuring above-ground windows that allow plenty of natural light to flow throughout, creating a bright and welcoming space for tenants. Outside, a storage shed provides additional room for seasonal items, tools, and equipment. With five bedrooms between both units, a central St. John’s location, and the benefit of a self-contained apartment, 89 Rotary Drive is a smart opportunity for anyone looking to expand their investment portfolio or enjoy the advantages of rental income while owning their own home. (id:56688)
Property details
Coordinates: [47.547977, -52.753613]
Rooms
| Basement | Not known Not known Not known Not known Not known Not known | FULL null 12.4x12.11 null 9.0x12.11 null 14.7x15.2 null 6.10x11.1 null 7.9x11.1 null |
| Main level | Bath (# pieces 1-6) Foyer Bedroom Bedroom Ensuite Primary Bedroom Living room Dining room Kitchen | 7.10x5.4 null 4.4x4.8 null 11.1x10.8 null 7.6x12 null 5.9x6.2 null 13.5x10.9 null 16.4x16.4 null 7.0x11.1 null 9.4x11.1 null |
| Lower level | Recreation room | 13.8x12.7 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 | $2,370 | $28,440 |
| Gross rental income (income/principal ratio) | 0.474% | 5.689% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $119 | $1,422 |
| Management Fee | $190 | $2,276 |
| Expense / Income Ratio | 26.37% | 26.37% |
| Cash Flow | $1,437 | $17,244 |
| Net Operating Income (NOI) | $1,437 | $17,244 |
| Capitalization Rate | 0.29% | 3.45% |
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