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Newfoundland and Labrador
St. John's
105-61 Duckworth Street

$359,900

105-61 Duckworth Street, St. John's, NL, A1C 1E6

QuickQuote^TM: $314K - $382K

MLS® # 1281510

2 Beds

2 Baths

1200 FEETSQ sqft

Property Information:

Welcome to unit 105 in Cavendish Condos at 61 Duckworth St. This unit is facing a million dollar view of St John's harbour, narrows and Signal Hill. Walk into a bright, spacious open concept living space. Living area has a huge picture window, where you can enjoy your morning coffee or watch the sunset in the evening looking out at the narrows. The large primary bedroom has the same view of the narrows, wake up every morning with harbour views. It comes complete with a walk in closet and two piece ensuite. This unit has a bonus of a large balcony, where you can bbq, and enjoy a beverage of choice while taking in some fresh air and amazing views. In unit laundry is also an added plus. The location of this condo is in walking distance to All that downtown has to offer, restaurants, shopping, and the famous signal hill walking trail. Also if you have a pet, small pets are allowed in building as long as they are not over 30 lbs. Book your viewing today!

Property Features:

Bedrooms: 2
Bathrooms: 1+1
Annual Tax Amount: $2,681
Access: Ocean View
Built in: 1960
Condo Fees: $657
Driveway: Underground
Exterior: Brick
Features: Deck/Patio, Dishwasher, Elevator, Ensuite, Fireplace(s), Microwave, Small Pets, Stove, Washer, Dryer
Floor Space (approx): 1200 Square Feet
Foundation: Poured Concrete
Garage Type: Parking Space(s), Underground
Heating Cooling: Baseboard
Land Features: Balcony(s), Central Location, Patio(s) and Deck(s), Recreation Nearby, Shopping Nearby, Waterfront Property
Property Size: Under 0.5 Acres
Road: Public
Roof: Other
Services: Bus Service, Cable, Electricity, High Speed Internet
Style Of Dwelling: Condo Apartment
Title: Freehold
Zoning: RES.
Water: Municipal
Sewer: Municipal

Rooms:

Kitchen Ground Level 8 x 10
Other Ground Level 31 x 12.7 Note: Living Rm/Dining Rm Combo
Primary Bedroom Ground Level 17 x 11.10
Bedroom Ground Level 13 x 10
Bathroom Ground Level 9 x 5
Bathroom Ground Level 6 x 4
Laundry Ground Level 6 x 4

Data provided by: Newfoundland and Labrador Association of REALTORS® 28 Logy Bay Road, St. John’s, Newfoundland A1A 1J4
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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Notes:

Deanna Toope

Real Estate Agent Royal LePage Atlantic Homestead *

Mobile:709.685.7489

My Website

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Potential Investment Performance

Cumulative ROI

185.3%

Cumulative Market Appreciation

$99,433

Net Operating Income in Year 5

$33,127

Cash on Cash Return in Year 5

14.7%

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 %	$71,980
Mortgage Amount	$287,920
Mortgage Payment %	$1,493

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,715

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$1,313
Net Operating Income	$2,402

Debt Service
Mortgage Payment	$1,493

Net Cash Flow	$908

Cap Rate

8.01%

Acquistion Costs

Down Payment $71,980

Land Transfer Tax $3,194

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $77,174

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	$71,980	-	-	-	-	-	-	-	-	-
Closing Costs	$5,194	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$4,479	$4,695	$4,920	$5,157	$5,405	$5,664	$5,937	$6,222	$6,521	$6,835
Total	$81,653	$4,695	$4,920	$5,157	$5,405	$5,664	$5,937	$6,222	$6,521	$6,835
Cash Invested	$81,653	$86,348	$91,269	$96,426	$101,831	$107,496	$113,433	$119,656	$126,177	$133,012

Rental Cash Flows
Rent and other income	$44,589	$45,926	$47,304	$48,723	$50,185	$51,691	$53,241	$54,839	$56,484	$58,178
Operating Expenses	-$15,758	-$16,119	-$16,489	-$16,868	-$17,255	-$17,652	-$18,058	-$18,475	-$18,901	-$19,337
Mortgage Payment	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926	-$17,926
Net Cash Flow	$10,903	$11,880	$12,888	$13,928	$15,002	$16,111	$17,256	$18,437	$19,656	$20,914

Returns
Property Price Appreciation	$17,995	$18,894	$19,839	$20,831	$21,873	$22,966	$24,115	$25,320	$26,586	$27,916
Mortgage Paydown	$4,479	$4,695	$4,920	$5,157	$5,405	$5,664	$5,937	$6,222	$6,521	$6,835
Net Cash Flow	$10,903	$11,880	$12,888	$13,928	$15,002	$16,111	$17,256	$18,437	$19,656	$20,914
Total Return	$33,378	$35,470	$37,648	$39,917	$42,281	$44,743	$47,308	$49,980	$52,764	$55,665
Cumulative Return	$33,378	$68,848	$106,496	$146,414	$188,695	$233,438	$280,746	$330,727	$383,492	$439,158

Investment Metrics
Cumulative ROI	40.9%	79.7%	116.7%	151.8%	185.3%	217.2%	247.5%	276.4%	303.9%	330.2%
Cash On Cash	13.4%	13.8%	14.1%	14.4%	14.7%	15.0%	15.2%	15.4%	15.6%	15.7%