About this propertyMLS® 1303519
Welcome to 27 McKay Street, a centrally located property offering off street parking and plenty of potential. Located close to downtown in an area experiencing new construction and the renovation of older homes, this property offers an opportunity to be part of a changing neighborhoods. Recent improvements include completed siding, updated windows and a more recent torch on roof. The home features an eat in kitchen, main floor laundry hook up, a mini split , a large back deck and a good sized rear garden. The interior requires some TLC and cosmetic updating, creating an opportunity for a first time buyer looking to enter the housing market, a renovator searching for their next project or an investor looking for a rental property. (id:56688)
Property details
Coordinates: [47.548609, -52.724845]
Rooms
| Second level | Bath (# pieces 1-6) Office Bedroom Bedroom Primary Bedroom | 3 piece null 5.3 x 9.17 null 9 x 8 null 12 x 9 null 15.80 x 10 null |
| Main level | Dining room Kitchen Living room | 11.24 x 9.5 null 11.70 x 14.76 null 16.43 x 11.71 null |
Basic Calculator
First Mortgage: $195,920
Mortgage insurance premium: $0
Total Financing: $195,920
Rough closing fee (1.5%): ~ $3,674
Total downpayment with estimated closing fee: $52,654
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,063 | $24,756 |
| Gross rental income (income/principal ratio) | 0.842% | 10.109% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $307 | $3,684 |
| Vacancy | $104 | $1,238 |
| Management Fee | $166 | $1,981 |
| Expense / Income Ratio | 14.88% | 14.88% |
| Cash Flow | $1,488 | $17,856 |
| Net Operating Income (NOI) | $1,488 | $17,856 |
| Capitalization Rate | 0.61% | 7.29% |
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