For sale · MLS® 1304247
1388 Blackhead Road
St. John’s, NL, A1C5H2
List price
$500,000
About this propertyMLS® 1304247
Welcome to this beautifully renovated two-apartment home, situated on over 1.8 acres of land in a peaceful, private setting just 10 minutes from downtown St. John’s! Offering an incredible combination of space, privacy, and income potential, this property is truly a rare find! The main unit features three bedrooms, a spacious rec room, a full bathroom, beautifully refinished hardwood flooring, and a stunning new fireplace in the primary bedroom, creating a warm and inviting atmosphere. The two-bedroom basement apartment offers excellent potential for rental income, Airbnb accommodations, or extended family living, complete with its own full bathroom and new laminate flooring. Numerous updates have been completed throughout the home, including a new roof, windows, and primary bedroom fireplace in 2023! Outside is where this property truly shines! With over 1.8 acres of land, you’ll enjoy an expansive yard, two garages (one featuring a loft), and an additional storage shed. A private walking trail winds through the backyard, offering a wonderful space to explore and enjoy nature right on your own property. A charming backyard pond adds to the peaceful, country-like setting. Whether you’re looking for a spacious family home, an income-generating investment, or a property offering privacy and room to grow, this home offers incredible versatility. Enjoy the tranquility of country-style living while being just 10 minutes from downtown St. John’s! (id:56688)
Property details
Coordinates: [47.519302, -52.662605]
Rooms
| Basement | Bedroom Not known Laundry room Bedroom Not known | 10 x 8 null 12 x 11.9 null 10 x 6 null 12 x 9.6 null 16 x 14 null |
| Main level | Bedroom Kitchen Bedroom Primary Bedroom Living room | 10 x 11 null 13 x 10 null 12 x 11 null 14 x 12 null 15.5 x 12 null |
Basic Calculator
First Mortgage: $400,000
Mortgage insurance premium: $0
Total Financing: $400,000
Rough closing fee (1.5%): ~ $7,500
Total downpayment with estimated closing fee: $107,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,698 | $32,376 |
| Gross rental income (income/principal ratio) | 0.540% | 6.475% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $135 | $1,619 |
| Management Fee | $216 | $2,591 |
| Expense / Income Ratio | 23.17% | 23.17% |
| Cash Flow | $1,723 | $20,676 |
| Net Operating Income (NOI) | $1,723 | $20,676 |
| Capitalization Rate | 0.34% | 4.14% |
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