About this propertyMLS® 1304848
This well-maintained home offers a fantastic opportunity for first-time buyers, down-sizers, or anyone looking for affordable, comfortable living without the added expense of lot fees. Situated on its own land, this property features a spacious paved driveway, a storage shed, and a brand-new deck. Inside, you'll find a bright and inviting living room filled with natural light, a functional eat-in kitchen, comfortable bedrooms, and a full bathroom. Recent improvements include new flooring, a roof replaced just two years ago, updated windows approximately 12 years ago, a furnace replaced in December, and a new hot water tank installed in September 2024. A convenient laundry area and additional built-in storage add to the home's practicality. Outside, the paved driveway offers plenty of parking, while the storage shed provides excellent space for storage, hobbies, or a workshop. With several important updates already completed and the added value of land ownership, this property offers an excellent opportunity to enjoy affordable homeownership with room to make it your own. Whether you're just starting out, looking to simplify, or searching for an investment opportunity, this one is certainly worth a look! (id:56688)
Property details
Coordinates: [47.454841, -52.766064]
Rooms
| Main level | Laundry room Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Living room | 9.10 x 5.08 null 4 pcs 7.09 x 8.05 null 9.11 x 17.00 null 9.08 x 11.01 null 15.02 x 11.01 null |
Basic Calculator
First Mortgage: $143,920
Mortgage insurance premium: $0
Total Financing: $143,920
Rough closing fee (1.5%): ~ $2,699
Total downpayment with estimated closing fee: $38,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $831 | $9,972 |
| Gross rental income (income/principal ratio) | 0.462% | 5.543% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $225 | $2,700 |
| Vacancy | $42 | $499 |
| Management Fee | $67 | $798 |
| Expense / Income Ratio | 27.08% | 27.08% |
| Cash Flow | $498 | $5,976 |
| Net Operating Income (NOI) | $498 | $5,976 |
| Capitalization Rate | 0.28% | 3.32% |
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