$279,999

1288-1290 Murphy CRT, Bathurst, NB, E2A 4J9

QuickQuote^TM: $276K - $336K

MLS® # NB113207

Property Information:

Welcome to 1288-1290 Murphy Crt, Bathurst! This fantastic income property features significant renovations and is a great opportunity for investors. Located in the desirable south Bathurst, this up-and-down duplex offers two 2-bedroom units. The property is ideally situated just minutes from all local amenities. With plenty of potential, you can live in one unit while renting out the other to offset your expenses. It’s also an excellent turn-key investment for those seeking a hassle-free cash flow in a rapidly growing city with much to offer. This property sits on a large lot, offering significant development potential for the future.

Building Features:

Total Finished Area: 1550 Square Feet

Property Features:

Built in: 1964
Driveway: Gravel
Exterior: Vinyl
Flooring: Ceramic/Marble, Cushion, Tile - Ceramic / Porcelain
Foundation Basement: Concrete, Crawl
Heating Cooling: Baseboard, Electric, Heat Pump
Land Features: Cleared
Property Size: 0.5 - 0.99 Acres
Roof: Asphalt Shingle
Water: Copper, Municipal

Courtesy of: Keller Williams Capital Realty

Data provided by: Greater Moncton REALTORS® du Grand Moncton 541 St. George Blvd., Moncton, New Brunswick E1E 2B6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Potential Investment Performance

Cumulative ROI

61.0%

Cumulative Market Appreciation

$77,358

Net Operating Income in Year 5

$4,404

Cash on Cash Return in Year 5

-12.4%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$56,000
Mortgage Amount	$223,999
Mortgage Payment %	$1,162

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$668

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$355
Net Operating Income	$312

Debt Service
Mortgage Payment	$1,162

Net Cash Flow	-$849

Cap Rate

1.34%

Acquistion Costs

Down Payment $56,000

Land Transfer Tax $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $58,000

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$56,000	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,485	$3,652	$3,828	$4,012	$4,205	$4,407	$4,619	$4,841	$5,073	$5,317
Total	$61,485	$3,652	$3,828	$4,012	$4,205	$4,407	$4,619	$4,841	$5,073	$5,317
Cash Invested	$61,485	$65,137	$68,966	$72,978	$77,183	$81,590	$86,209	$91,050	$96,124	$101,442

Rental Cash Flows
Rent and other income	$8,016	$8,257	$8,504	$8,759	$9,022	$9,293	$9,572	$9,859	$10,155	$10,459
Operating Expenses	-$4,266	-$4,362	-$4,460	-$4,561	-$4,664	-$4,769	-$4,877	-$4,987	-$5,100	-$5,216
Mortgage Payment	-$13,946	-$13,946	-$13,946	-$13,946	-$13,946	-$13,946	-$13,946	-$13,946	-$13,946	-$13,946
Net Cash Flow	-$10,196	-$10,052	-$9,902	-$9,748	-$9,588	-$9,423	-$9,252	-$9,075	-$8,892	-$8,703

Returns
Property Price Appreciation	$13,999	$14,699	$15,434	$16,206	$17,017	$17,867	$18,761	$19,699	$20,684	$21,718
Mortgage Paydown	$3,485	$3,652	$3,828	$4,012	$4,205	$4,407	$4,619	$4,841	$5,073	$5,317
Net Cash Flow	-$10,196	-$10,052	-$9,902	-$9,748	-$9,588	-$9,423	-$9,252	-$9,075	-$8,892	-$8,703
Total Return	$7,288	$8,300	$9,360	$10,470	$11,633	$12,851	$14,128	$15,464	$16,865	$18,332
Cumulative Return	$7,288	$15,588	$24,949	$35,419	$47,053	$59,905	$74,033	$89,498	$106,363	$124,696

Investment Metrics
Cumulative ROI	11.9%	23.9%	36.2%	48.5%	61.0%	73.4%	85.9%	98.3%	110.7%	122.9%
Cash On Cash	-16.6%	-15.4%	-14.4%	-13.4%	-12.4%	-11.5%	-10.7%	-10.0%	-9.3%	-8.6%