For sale · MLS® 1304206
13 Cashin Avenue
St. John's, NL, A1E3A9
List price
$315,000
About this propertyMLS® 1304206
A great investment opportunity in the heart of St. John’s! This two-apartment home is conveniently located near shopping, takeout, restaurants, grocery stores and Memorial University. Each separate unit offers two bedrooms and a full bathroom. One unit is vacant, freshly painted and ready for immediate occupancy, while the other is currently tenanted. The undeveloped basement includes a laundry area and plenty of storage space. Whether you’re looking to live in one unit while earning rental income from the other or add to your investment portfolio, this property offers flexibility in a central location. OPEN HOUSE: Thursday, October 15, from 5–7 PM. No conveyance of offers before Friday, October 16, at 5 PM. (id:56688)
Property details
Coordinates: [47.555895, -52.732789]
Rooms
| Basement | Laundry room | |
| Other | Bath (# pieces 1-6) Not known Not known Not known Not known | 4.85 X 7.11 null 7.48 X 9.67 null 9.43 X 12.36 null 13.05 X 10.24 null 12.32 X 9.68 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Kitchen Living room/Dining room | 7.02 X 5.96 null 8.76 X 8.54 null 12.95 X 10.61 null 10.27 X 6.03 null 14.33 X 10.50 null |
Basic Calculator
First Mortgage: $252,000
Mortgage insurance premium: $0
Total Financing: $252,000
Rough closing fee (1.5%): ~ $4,725
Total downpayment with estimated closing fee: $67,725
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,882 | $22,584 |
| Gross rental income (income/principal ratio) | 0.597% | 7.170% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $394 | $4,728 |
| Vacancy | $95 | $1,130 |
| Management Fee | $151 | $1,807 |
| Expense / Income Ratio | 20.94% | 20.94% |
| Cash Flow | $1,244 | $14,928 |
| Net Operating Income (NOI) | $1,244 | $14,928 |
| Capitalization Rate | 0.39% | 4.74% |
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