For sale · MLS® 1303790
2 McMaster Place
Mount Pearl, NL, A1N2X5
List price
$280,000
About this propertyMLS® 1303790
Estate sale opportunity in a desirable, centrally located cul-de-sac close to schools, shopping, and everyday amenities. This back-split bungalow was once a much-loved family home and offers an opportunity to restore its former charm. The main level features a bright living room and dining area, three bedrooms, and a full bathroom. The lower level includes an in-law suite with its own entrance and rental potential; it is not registered as a separate apartment, and buyers should verify its use and any required approvals. The property is being sold ""AS IS"". The home features a 200-amp electrical panel, a mature partially fenced lot with established trees, shrubs, flowers, a large apple tree, and a garden shed. A great opportunity for buyers looking to make the property their own. (id:56688)
Property details
Coordinates: [47.511907, -52.808403]
Rooms
| Basement | Storage Laundry room Bath (# pieces 1-6) Not known Not known Not known | 21.5 x 21.1 null 5.5 x 6.5 null 4 PCS null 9.8 x 9.1 null 9.3 x 7.2 null 12.5 x 11.2 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 4 PCS null 7 x 11 null 9.10 x 7.10 null 13 x 11 null |
| Main level | Kitchen Dining room Living room Foyer Porch | 9.9 x 11.1 null 8.4 x 8.2 null 12.10 x 12.11 null 11.4 x 6.4 null 3.4 x 3.9 null |
Basic Calculator
First Mortgage: $224,000
Mortgage insurance premium: $0
Total Financing: $224,000
Rough closing fee (1.5%): ~ $4,200
Total downpayment with estimated closing fee: $60,200
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,172 | $26,064 |
| Gross rental income (income/principal ratio) | 0.776% | 9.309% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $350 | $4,200 |
| Vacancy | $109 | $1,304 |
| Management Fee | $174 | $2,086 |
| Expense / Income Ratio | 16.11% | 16.11% |
| Cash Flow | $1,540 | $18,480 |
| Net Operating Income (NOI) | $1,540 | $18,480 |
| Capitalization Rate | 0.55% | 6.60% |
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