About this propertyMLS® 1304678
This 4 bedroom, 1.5 bath home in Cowan Heights offers over 2,400 sq ft of space at a price that’s hard to find. The main level features a bright, spacious living room with hardwood floors and large windows that fill the space with natural light. The dining room leads into an eat-in kitchen with plenty of cabinet and counter space, and a convenient half bath rounds out this level. All four bedrooms are on the second level, each with a generous closet. The walkout basement adds a rec room, laundry, and extra storage areas ready for your vision. The home has seen several updates in recent years, including a 200 amp breaker panel, laminate flooring upstairs, an updated bathroom, and modern touches throughout. Outside, enjoy a new front porch, a new back deck, and a large wired shed in a private backyard that backs onto green space behind St. Matthew’s School. Close to everything without sacrificing space inside or out, this home blends room to grow with character and a cozy feel. The seller hereby directs the listing Brokerage that there will be no conveyance of offers prior to 1:00pm, Sunday, October 25th offers to remain open until 6:00pm, Sunday, October 25th. (id:56688)
Property details
Coordinates: [47.533869, -52.761732]
Rooms
| Basement | Storage Utility room Recreation room | 12.4x10.9 null 18.6x11.10 null 30.10x13.0 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Primary Bedroom | 9.9x4.7 null 10.5x11.7 null 10.9x9.7 null 9.8x12.11 null 14.0x11.7 null |
| Main level | Bath (# pieces 1-6) Foyer Kitchen Dining room Living room | 5.0x5.3 null 7.8x4.0 null 16.5x11.1 null 9.1x11.5 null 20.6x13.5 null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,687 | $32,244 |
| Gross rental income (income/principal ratio) | 0.768% | 9.215% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $135 | $1,613 |
| Management Fee | $215 | $2,580 |
| Expense / Income Ratio | 16.30% | 16.30% |
| Cash Flow | $1,900 | $22,800 |
| Net Operating Income (NOI) | $1,900 | $22,800 |
| Capitalization Rate | 0.54% | 6.52% |
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