About this propertyMLS® 1304312
Welcome to this two-apartment home, situated on a mature 95' × 150' lot on sought-after Ledrews Road in Kelligrews, Conception Bay South. Offered to the market for the first time, this property presents an excellent opportunity for first-time buyers or investors. The main floor features three bedrooms and a functional layout with plenty of potential to make the space your own. The lower level includes a self-contained apartment, providing an opportunity for rental income or accommodations for extended family. A large in-house workshop offers exceptional space for tradespeople, hobbyists, projects, or additional storage. Conveniently located near schools, shopping, recreation, restaurants, and all the amenities CBS has to offer, this versatile property combines an oversized lot, income potential, and a desirable Kelligrews location. (id:56688)
Property details
Coordinates: [47.498974, -53.014082]
Rooms
| Basement | Workshop Not known Bath (# pieces 1-6) Not known Not known Not known Porch | 27x11 null 10x6 null B4 null 10X10 null 13X9.7 null 13X9.7 null 5.7X5.5 null |
| Main level | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Bedroom Kitchen Living room Foyer | 7.7x7.3 null B4 null 11x8 null 13.7x12.9 null 11x8 null 12.6x10.8 null 16x13 null 4x12 null |
Basic Calculator
First Mortgage: $239,920
Mortgage insurance premium: $0
Total Financing: $239,920
Rough closing fee (1.5%): ~ $4,499
Total downpayment with estimated closing fee: $64,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,981 | $23,772 |
| Gross rental income (income/principal ratio) | 0.661% | 7.927% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $100 | $1,189 |
| Management Fee | $159 | $1,902 |
| Expense / Income Ratio | 18.93% | 18.93% |
| Cash Flow | $1,349 | $16,188 |
| Net Operating Income (NOI) | $1,349 | $16,188 |
| Capitalization Rate | 0.45% | 5.40% |
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