For sale · MLS® 1304451
8 Fitzgibbon Street
St. John’s, NL, A1E2G1
List price
$399,900
About this propertyMLS® 1304451
This centrally located raised bungalow features a two-bedroom basement apartment with electric heat and its own laundry, offering excellent rental income potential. The main floor includes three bedrooms, hardwood flooring throughout, an eat-in kitchen, and a dedicated dining space. Outside, the fully landscaped property boasts a fenced rear yard, private rear garden, and ground-level patio. An in-house garage and metal roofing add to the appeal. Within walking distance of amenities, this property is an attractive option for homeowners seeking rental income or investors. (id:56688)
Property details
Coordinates: [47.543787, -52.735868]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Laundry room | 3 pc 11 x 1o null 12 x 10.75 null 11 x 11 null 17 x 10.75 null 16 x 8.5 null |
| Main level | Bath (# pieces 1-6) Porch Bedroom Bedroom Primary Bedroom Dining nook Eat in kitchen Living room/Fireplace | 3 pc 5 x 4 null 12 x 9.5 null 11 x 11 null 12 x 12 null 10.75 x 10 null 11 x 16 null 10 x 14 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,591 | $31,092 |
| Gross rental income (income/principal ratio) | 0.648% | 7.775% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $130 | $1,555 |
| Management Fee | $208 | $2,488 |
| Expense / Income Ratio | 19.30% | 19.30% |
| Cash Flow | $1,755 | $21,060 |
| Net Operating Income (NOI) | $1,755 | $21,060 |
| Capitalization Rate | 0.44% | 5.27% |
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