$174,900

750/752 Riverside, Bathurst, NB, E2A 2M7

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MLS® # NB110345

7+0 Beds

3 Baths

2400 FEETSQ sqft

Property Information:

This duplex offers a great opportunity for those looking to invest in real estate. Located in a great area, it features a spacious main floor that provides plenty of room to customize and make your own. The property also comes equipped with a ducted heat pump for added comfort and efficiency, as well as a paved driveway for convenience. With two separate units, it's an ideal setup for rental income or multi-family living. Whether you're a seasoned investor or just starting out, this property is worth a look!

Building Features:

Floor Space: 2400 Square Feet
Total Finished Area: 2400 Square Feet

Property Features:

Bedrooms: 7+0
Bathrooms: 3+0
Built in: 1930
Driveway: Asphalt
Exterior: Vinyl
Floor Space (approx): 2400 Square Feet
Flooring: Carpet, Hardwood, Vinyl
Foundation Basement: Concrete, Crawl
Heating Cooling: Electric, Heat Pump - Ducted
Interior Features: See Remarks
Property Size: Under 0.5 Acres
Property Style: Duplex
Roof: Asphalt Shingle
Title To Land: Estate Sale
Water: Municipal

Rooms:

Kitchen Main Level 4.42 m x 4.44 m
Bedroom Main Level 2.59 m x 3.56 m
Bedroom Main Level 3.61 m x 4.50 m
Laundry Main Level 1.52 m x 1.73 m
Dining Main Level 3.58 m x 3.35 m
Living 2nd Level 3.43 m x 3.71 m
Bedroom 2nd Level 3.33 m x 3.68 m
Dining 2nd Level 2.11 m x 3.96 m
Bedroom 2nd Level 2.39 m x 4.52 m
Storage 2nd Level 2.13 m x 5.99 m
Living Main Level 3.58 m x 3.78 m
Bedroom Main Level 2.59 m x 3.71 m
Bathroom Main Level 1.73 m x 3.56 m
Other Main Level 4.44 m x 4.52 m Note: Den/Office
Kitchen 2nd Level 1.70 m x 3.76 m
Bedroom 2nd Level 3.71 m x 3.23 m
Bathroom 2nd Level 2.44 m x 1.45 m
Bedroom 2nd Level 2.82 m x 4.52 m
Bathroom 2nd Level 2.01 m x 1.98 m

Convert Measurement to:

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

201.1%

Cumulative Market Appreciation

$48,321

Net Operating Income in Year 5

$17,498

Cash on Cash Return in Year 5

17.7%

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 %	$34,980
Mortgage Amount	$139,920
Mortgage Payment %	$725

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,732

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$454
Net Operating Income	$1,278

Debt Service
Mortgage Payment	$725

Net Cash Flow	$552

Cap Rate

8.77%

Acquistion Costs

Down Payment $34,980

Land Transfer Tax $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $36,980

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	$34,980	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$2,177	$2,281	$2,391	$2,506	$2,626	$2,752	$2,885	$3,023	$3,169	$3,321
Total	$39,157	$2,281	$2,391	$2,506	$2,626	$2,752	$2,885	$3,023	$3,169	$3,321
Cash Invested	$39,157	$41,438	$43,829	$46,336	$48,962	$51,715	$54,601	$57,625	$60,794	$64,115

Rental Cash Flows
Rent and other income	$20,788	$21,412	$22,054	$22,716	$23,397	$24,099	$24,822	$25,567	$26,334	$27,124
Operating Expenses	-$5,450	-$5,586	-$5,727	-$5,871	-$6,019	-$6,171	-$6,326	-$6,486	-$6,650	-$6,818
Mortgage Payment	-$8,711	-$8,711	-$8,711	-$8,711	-$8,711	-$8,711	-$8,711	-$8,711	-$8,711	-$8,711
Net Cash Flow	$6,626	$7,113	$7,615	$8,132	$8,666	$9,216	$9,783	$10,368	$10,971	$11,593

Returns
Property Price Appreciation	$8,745	$9,182	$9,641	$10,123	$10,629	$11,161	$11,719	$12,305	$12,920	$13,566
Mortgage Paydown	$2,177	$2,281	$2,391	$2,506	$2,626	$2,752	$2,885	$3,023	$3,169	$3,321
Net Cash Flow	$6,626	$7,113	$7,615	$8,132	$8,666	$9,216	$9,783	$10,368	$10,971	$11,593
Total Return	$17,548	$18,577	$19,648	$20,762	$21,922	$23,130	$24,388	$25,697	$27,061	$28,481
Cumulative Return	$17,548	$36,125	$55,773	$76,536	$98,459	$121,589	$145,978	$171,676	$198,737	$227,219

Investment Metrics
Cumulative ROI	44.8%	87.2%	127.3%	165.2%	201.1%	235.1%	267.4%	297.9%	326.9%	354.4%
Cash On Cash	16.9%	17.2%	17.4%	17.6%	17.7%	17.8%	17.9%	18.0%	18.0%	18.1%