For sale · MLS® 1304671
38 Smith Avenue
St. John's, NL, A1C5G1
List price
$339,900
About this propertyMLS® 1304671
Welcome to 38 Smith Avenue — a move-in-ready 3-bedroom, 1-bathroom home in a convenient central location, where the major upgrades have already been taken care of! This home has seen an impressive list of improvements, including a new 200-amp electrical panel, new sewer and water lines, a new hot water boiler, a new concrete basement floor, new vinyl basement windows, two new sump pumps, and a new washer and dryer. The home has also passed city inspection, providing added peace of mind. A complete list of upgrades is available with the listing. The fully insulated, undeveloped basement provides plenty of storage today while offering excellent potential for future development. Step outside to a large, deep backyard with new fencing — perfect for kids, pets, gardening, or simply enjoying your own outdoor space. The property also offers convenient parking for two vehicles. Located just minutes from downtown, schools, shopping, and everyday amenities, 38 Smith Avenue combines location, space, and substantial upgrades in one move-in-ready package. With so much of the big-ticket work already completed, this is one you won’t want to miss. Book your private viewing today! (id:56688)
Property details
Coordinates: [47.558426, -52.729321]
Rooms
| Main level | Bath (# pieces 1-6) Laundry room Kitchen Living room Bedroom Bedroom Primary Bedroom | 10.8X5.9 null 5.8X5.1 null 11.4X19.2 null 12.3X10.2 null 11X9.7 null 11X10.6 null 12.8X11 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 | $2,042 | $24,504 |
| Gross rental income (income/principal ratio) | 0.601% | 7.209% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $103 | $1,226 |
| Management Fee | $164 | $1,961 |
| Expense / Income Ratio | 20.81% | 20.81% |
| Cash Flow | $1,352 | $16,224 |
| Net Operating Income (NOI) | $1,352 | $16,224 |
| Capitalization Rate | 0.40% | 4.77% |
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