For sale · MLS® 1304653
243 Portugal Cove Road
St. John's, NL, A1B2N7
List price
$450,000
About this propertyMLS® 1304653
This home has it all, location, size and features galore. The main floor boasts over 1500 sqft with hardwood throughout, large living room with propane fireplace, formal dining room, eat in kitchen, 3 very spacious bedrooms, primary with ensuite. The fully developed basement has a recroom and laundry for the main as well as storage. There is also a self contained registered 2 bedroom apartment (vacant) with a ton of space and has also been upgraded in recent years. This home has been incredibly well kept and maintained with upgrades to the furnace, electrical, roof re-shingled (house and garage) in 2024, mini split in 2022 and much more. There are 2 separate driveways and a 16 x 20 detached, wired garage ideal for parking and storage. The home sits on an oversized lot in lovely Kent's Pond area, surrounded by mature trees and shrubs. Walking distance to CONA and Confederation Building. As per Sellers Directions No Presentation of Offers Until Monday Nov 1st at 2:00pm with offers to remain open until 7pm same day. (id:56688)
Property details
Coordinates: [47.59229, -52.724533]
Rooms
| Basement | Not known Bath (# pieces 1-6) Not known Not known Not known Living room/Dining room Mud room Storage Laundry room Recreation room | 3.0x6.0 null 4pc 10.3x11.4 null 11.4x11.8 null 11.3x14.6 null 16.11x12.0 null 10.0x4.6 null 13.2x7.11 null 11.5x15.5 null 12.9x13.5 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Eat in kitchen Dining room Living room/Fireplace Foyer | 4pc 10.3x11.8 null 12.6x11.8 null 2pc 13.9x14.6 null 15.2x10.7 null 12.9x13.5 null 15.9x12.9 null 7.7x13.9 null |
Basic Calculator
First Mortgage: $360,000
Mortgage insurance premium: $0
Total Financing: $360,000
Rough closing fee (1.5%): ~ $6,750
Total downpayment with estimated closing fee: $96,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,477 | $41,724 |
| Gross rental income (income/principal ratio) | 0.773% | 9.272% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $563 | $6,756 |
| Vacancy | $174 | $2,087 |
| Management Fee | $279 | $3,338 |
| Expense / Income Ratio | 16.19% | 16.19% |
| Cash Flow | $2,462 | $29,544 |
| Net Operating Income (NOI) | $2,462 | $29,544 |
| Capitalization Rate | 0.55% | 6.57% |
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