About this propertyMLS® 1304341
Historic 1924 Home with Original Character Built in 1918 for a railway family, this historic home was ahead of its time, with solid concrete construction. The four-bedroom layout features original hardwood floors, original doors, and period trim throughout. Four fireplaces, in the living and dining rooms, add classic charm. The second floor is a large, open space ready for your vision. The back of the basement holds a garage. The oversized lot is a real bonus, enclosed by the original concrete fence and iron gates. The original name sign is stored in the basement, ready to be remounted on the gates. Walk to downtown and the Waterford River trails. This home is ready for a family to give it new life. Sellers Direction in place for offers to be reviewed on Monday, October 26, at noon (id:56688)
Property details
Coordinates: [47.546159, -52.722893]
Rooms
| Basement | Not known Not known Not known | 14x14 null 11x13 null 13x14 null |
| Second level | Den Hobby room | 18.7x11 null 34x21 null |
| Main level | Porch Bath (# pieces 1-6) Office Primary Bedroom Bedroom Bedroom Bedroom Kitchen Dining room Living room/Fireplace | 8x7 null B4 null 8x8 null 16x13 null 15x14 null 14x15 null 8x10 null 9x16 null 15.11x13 null 19x13 null |
Basic Calculator
First Mortgage: $320,000
Mortgage insurance premium: $0
Total Financing: $320,000
Rough closing fee (1.5%): ~ $6,000
Total downpayment with estimated closing fee: $86,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,405 | $64,860 |
| Gross rental income (income/principal ratio) | 1.351% | 16.215% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $271 | $3,243 |
| Management Fee | $433 | $5,189 |
| Expense / Income Ratio | 9.25% | 9.25% |
| Cash Flow | $4,203 | $50,436 |
| Net Operating Income (NOI) | $4,203 | $50,436 |
| Capitalization Rate | 1.05% | 12.61% |
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