For sale · MLS® 1304219
9 Kennedy Place
Mount Pearl, NL, A1N1Z9
List price
$425,000
About this propertyMLS® 1304219
Welcome to this spacious two-apartment home located in the heart of Mount Pearl, close to shopping, schools, recreation and other convenient amenities. The bright and inviting main unit features a spacious living room, an upgraded kitchen, three generously sized bedrooms and a full bathroom. The lower level also offers a large rec room with access to the utility room, providing plenty of additional living and storage space. The generous two-bedroom basement apartment features a full bathroom and a covered entrance, offering added comfort and convenience for tenants during the winter months. Outside, the property offers drive-in access to a mature, treed backyard with a detached garage, providing excellent space for parking, storage or a workshop. This is a fantastic opportunity for homeowners looking to offset their mortgage or investors searching for a well-located two-apartment property in Mount Pearl. (id:56688)
Property details
Coordinates: [47.518669, -52.81376]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen Storage Recreation room | 5 X 7 null 10 X 10 null 10 X 11 null 12 X 12 null 7 X 12 null 10 X 12 null 13 X 20 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Dining room Kitchen Living room | 6 X 9 null 12 X 12 null 12 X 12 null 15 X 14 null 12 X 13 null 12 X 12 null 15 X 16 null |
Basic Calculator
First Mortgage: $340,000
Mortgage insurance premium: $0
Total Financing: $340,000
Rough closing fee (1.5%): ~ $6,375
Total downpayment with estimated closing fee: $91,375
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,420 | $29,040 |
| Gross rental income (income/principal ratio) | 0.569% | 6.833% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $121 | $1,452 |
| Management Fee | $194 | $2,324 |
| Expense / Income Ratio | 21.98% | 21.98% |
| Cash Flow | $1,574 | $18,888 |
| Net Operating Income (NOI) | $1,574 | $18,888 |
| Capitalization Rate | 0.37% | 4.44% |
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.