For sale · MLS® 1304249
609 Southside Road
St. John's, NL, A1E1A4
List price
$149,900
About this propertyMLS® 1304249
Nestled on a large lot on popular Southside Road in historic downtown St. John's, this traditional two storey offers a ton of potential to renovate. This three bedroom home overlooks the Waterford Valley and is ready for a facelift. The roof was re-shingled in recent years and there was a rental unit in the basement with separate meters. There is also the potential for redevelopment of the oversized lot. (id:56688)
Property details
Coordinates: [47.539902, -52.727052]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Kitchen | B4 null x0 null x0 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom | B4 null 13 x 9.5 null 13 x 9.5 null |
| Main level | Laundry room Living room Kitchen | 3.6 x 5.10 null 10.3 x 12.10 null 12.10 9.8 null |
Basic Calculator
First Mortgage: $119,920
Mortgage insurance premium: $0
Total Financing: $119,920
Rough closing fee (1.5%): ~ $2,249
Total downpayment with estimated closing fee: $32,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,386 | $16,632 |
| Gross rental income (income/principal ratio) | 0.925% | 11.095% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $188 | $2,256 |
| Vacancy | $70 | $832 |
| Management Fee | $111 | $1,331 |
| Expense / Income Ratio | 13.56% | 13.56% |
| Cash Flow | $1,018 | $12,216 |
| Net Operating Income (NOI) | $1,018 | $12,216 |
| Capitalization Rate | 0.68% | 8.15% |
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