About this propertyMLS® 1304481
Centrally located near Avalon Mall, MUN, and the Health Sciences Center and all the major amenities the city has to offer. This home features a 1-bedroom in-law suite which is great for adult child still living at home or take in some extra income and rent as a boarding room to students going to MUN. This home as undergone recent renovations, including new shingles (2015), an electrical panel (2016), and vinyl windows. The main living area consists of 3 bedrooms, a kitchen, living and dining rooms, shared laundry facilities in the basement, a furnace/storage room. The one bedroom in-law suite has a large living room, dining area, washroom and kitchenette. The main unit is accessible through the front door, while the apartment is accessible through the rear door to the basement. The property offers ample parking for 4+ vehicles, a private yard, storage sheds, and a fully fenced area, making it an excellent choice for multi-family living or investment purposes. Still time to be in your new home for Christmas! (id:56688)
Property details
Coordinates: [47.558188, -52.748813]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Utility room Laundry room | 7.1x9.11 null 11.3x12.7 null 8.10x9.2 null 8.1x9.10 null 10.2x16.8 null 12.5x12.7 null 7.11x9.9 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Dining room Living room Kitchen Porch | 6.4x7.7 null 1X19.9x10.5 null 7.10x9.9 null 9.11x13.1 null 9.6x9.9 null 11.10x16.11 null 10.4x14.4 null 4.0x5.3 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,214 | $26,568 |
| Gross rental income (income/principal ratio) | 0.651% | 7.816% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $111 | $1,329 |
| Management Fee | $178 | $2,126 |
| Expense / Income Ratio | 19.20% | 19.20% |
| Cash Flow | $1,502 | $18,024 |
| Net Operating Income (NOI) | $1,502 | $18,024 |
| Capitalization Rate | 0.44% | 5.30% |
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