About this propertyMLS® 1304565
Welcome to 122 Empire Avenue! Ideally located near MUN, Churchill Park, shopping, and everyday amenities, this spacious six-bedroom home offers excellent potential as a family home or investment property. The bright and inviting main level features a generous living space, while the upper level offers two large bedrooms. The lower level, complete with its own entrance, includes a kitchen area, an additional bathroom, and two more bedrooms, providing great flexibility for extended family or rental potential. In recent years, the home has seen several important exterior upgrades, including new shingles, siding, and windows. Situated on a large lot, this property offers plenty of space and an excellent opportunity in a sought-after location. Whether you’re looking for a spacious family home or an investment close to the university, this property is well worth a look! No conveyance of any written signed offers as per seller's directive until 5PM October 24, to be left open until 10PM the same day. (id:56688)
Property details
Coordinates: [47.568955, -52.72339]
Rooms
| Basement | Eating area Bedroom Bedroom | 10 x 12.2 null 7.8 x 10.10 null 16.8 x 12.3 null |
| Second level | Bedroom Bedroom | 9.11 x 12.3 null 10 x 12.3 null |
| Main level | Bedroom Primary Bedroom Eat in kitchen Living room | 10 x 7.4 null 10.1 x 10.10 null 11.10 x 10.1 null 14.11 x 12.3 null |
Basic Calculator
First Mortgage: $287,920
Mortgage insurance premium: $0
Total Financing: $287,920
Rough closing fee (1.5%): ~ $5,399
Total downpayment with estimated closing fee: $77,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,143 | $25,716 |
| Gross rental income (income/principal ratio) | 0.595% | 7.145% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $108 | $1,286 |
| Management Fee | $172 | $2,058 |
| Expense / Income Ratio | 21.00% | 21.00% |
| Cash Flow | $1,415 | $16,980 |
| Net Operating Income (NOI) | $1,415 | $16,980 |
| Capitalization Rate | 0.39% | 4.72% |
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