$198,000

1214 Blackhead Road, St. John's, NL, A1C 5H2

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MLS® # 1280691

2 Beds

803 Baths

1592 FEETSQ sqft

Property Information:

This 2 bedroom home is located on Blackhead Road and looking for new owners. The main floor has an eat in kitchen, 2 bedrooms, living room, 4 piece bathroom and a porch. There is a door located off the kitchen to a large patio that would be great for those summer BBQ's. There is a room developed in the basement that would make a great office or a third bedroom for the teenager who need or want their own space. There is also a large rooms that would make an ideal rec room when it is completed. Lots of room in the back garden and an area that is fenced and great for the animals to run and play. There is also a pad already poured if someone is looking to build an outbuilding. This home required some work like painting, flooring and any upgrades you may want to do but there is no doubt that this home has lots of potential.

Property Features:

Bedrooms: 2
Bathrooms: 1+802
Annual Tax Amount: $1,323
Access: Year Round Road Access
Built in: 1995
Driveway: Gravel
Exterior: Vinyl
Features: Air Exchanger, Deck/Patio, See Remarks
Floor Space (approx): 1592 Square Feet
Foundation: Concrete, Undeveloped, Walkout
Garage Type: None
Heating Cooling: Baseboard, Electric
Land Features: Patio(s) and Deck(s), Rear Yard Access (Vechicle), See Remarks
Property Size: 10,890-21,799 sq ft (1/4 - 1/2 ac)
Road: Public
Roof: Shingle - Asphalt
Services: Cable, Electricity
Style Of Dwelling: Detached, Bungalow
Title: Freehold
Year Built Description: Unknown
Zoning: Res.
Water: Well
Sewer: Septic

Rooms:

Kitchen Ground Level 9.9 x 17.10
Living Ground Level 10.10 x 13.2
Bedroom Ground Level 9.9 x 11.3
Bedroom Ground Level 8.11 x 11.11
Bathroom Ground Level 7.4 x 5.5
Porch Ground Level 4.4 x 5.4
Office Basement Level 12.10 x 9

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:

Morley Moyles

Sales Representative Royal LePage Property Consultants *

Mobile:709.685.5986

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Potential Investment Performance

Cumulative ROI

212.5%

Cumulative Market Appreciation

$54,703

Net Operating Income in Year 5

$21,873

Cash on Cash Return in Year 5

20.8%

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 %	$39,600
Mortgage Amount	$158,400
Mortgage Payment %	$821

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,146

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$547
Net Operating Income	$1,598

Debt Service
Mortgage Payment	$821

Net Cash Flow	$776

Cap Rate

9.69%

Acquistion Costs

Down Payment $39,600

Land Transfer Tax $1,847

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $43,447

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	$39,600	-	-	-	-	-	-	-	-	-
Closing Costs	$3,847	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$2,464	$2,582	$2,707	$2,837	$2,973	$3,116	$3,266	$3,423	$3,587	$3,760
Total	$45,911	$2,582	$2,707	$2,837	$2,973	$3,116	$3,266	$3,423	$3,587	$3,760
Cash Invested	$45,911	$48,494	$51,201	$54,038	$57,012	$60,129	$63,395	$66,818	$70,406	$74,166

Rental Cash Flows
Rent and other income	$25,754	$26,526	$27,322	$28,142	$28,986	$29,856	$30,751	$31,674	$32,624	$33,603
Operating Expenses	-$6,571	-$6,737	-$6,907	-$7,082	-$7,261	-$7,446	-$7,635	-$7,828	-$8,027	-$8,232
Mortgage Payment	-$9,862	-$9,862	-$9,862	-$9,862	-$9,862	-$9,862	-$9,862	-$9,862	-$9,862	-$9,862
Net Cash Flow	$9,320	$9,926	$10,552	$11,197	$11,862	$12,547	$13,254	$13,983	$14,734	$15,508

Returns
Property Price Appreciation	$9,900	$10,394	$10,914	$11,460	$12,033	$12,635	$13,266	$13,930	$14,626	$15,358
Mortgage Paydown	$2,464	$2,582	$2,707	$2,837	$2,973	$3,116	$3,266	$3,423	$3,587	$3,760
Net Cash Flow	$9,320	$9,926	$10,552	$11,197	$11,862	$12,547	$13,254	$13,983	$14,734	$15,508
Total Return	$21,684	$22,904	$24,174	$25,494	$26,869	$28,299	$29,787	$31,336	$32,948	$34,627
Cumulative Return	$21,684	$44,589	$68,763	$94,258	$121,128	$149,427	$179,215	$210,551	$243,500	$278,127

Investment Metrics
Cumulative ROI	47.2%	91.9%	134.3%	174.4%	212.5%	248.5%	282.7%	315.1%	345.8%	375.0%
Cash On Cash	20.3%	20.5%	20.6%	20.7%	20.8%	20.9%	20.9%	20.9%	20.9%	20.9%