For sale · MLS® 1304657
39 Edgecombe Drive
St. John's, NL, A1B4P2
List price
$399,900
About this propertyMLS® 1304657
Attention investors and first-time buyers! This move-in-ready and immaculately maintained registered 2-apartment home features a bright main unit with 3 bedrooms, a full bath, living and dining rooms, and an eat-in kitchen that opens onto a deck with beautiful views - including Cabot Tower! A large rec room downstairs gives the main unit extra space for a family room, office, or playroom. The 2-bedroom apartment has its own private above ground side entrance, a kitchen, a living room, a full bath, and its own laundry, perfect for helping with the mortgage or adding to your rental portfolio.The apartment also features its own 2 car driveway and ample natural light. Both units feature laminate flooring throughout, fresh neutral paint, and air exchangers, shingles updated in 2023 and with two paved driveways there's plenty of parking for everyone. The home is vacant, so you can move right in or choose your own tenants. Just minutes from MUN, the Health Sciences Centre, Stavanger Drive, the Outer Ring Road, and all east end amenities. Opportunities like this don't last long! As per Seller Direction there will be no conveyance of offers prior to 5pm October 27th, all offers to remain open until 10pm October 27th. (id:56688)
Property details
Coordinates: [47.591932, -52.735762]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Living room Kitchen Recreation room | 4 pcs 10.00 x 11.00 null 11.00 x 11.00 null 14.00 x 11.00 null 11.00 x 7.00 null 18.00 x 12.00 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Dining room Kitchen | 4 pcs 11.00 x 9.00 null 12.00 x 9.00 null 12.00 x 13.00 null 14.00 x 11.00 null 11.00 x 9.00 null 16.00 x 7.00 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 | $2,482 | $29,784 |
| Gross rental income (income/principal ratio) | 0.621% | 7.448% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $125 | $1,490 |
| Management Fee | $199 | $2,383 |
| Expense / Income Ratio | 20.15% | 20.15% |
| Cash Flow | $1,660 | $19,920 |
| Net Operating Income (NOI) | $1,660 | $19,920 |
| Capitalization Rate | 0.42% | 4.98% |
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