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Newfoundland and Labrador
St. John's
143 Prowse Avenue Extension

$290,000

143 Prowse Avenue Extension, St. John's, Newfoundland & Labrador, A1E 1W2

QuickQuote^TM: $271K - $330K

MLS® # 1281635

3 Beds

1 Bath

Property Information:

Centrally located, beautifully maintained 1950s three-bedroom, one-bath bungalow with charming character. Features a fully fenced backyard, perfect for privacy and outdoor enjoyment. Conveniently within walking distance to MUN, recreation facilities, and shopping centers. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Construction Style - Attachment: Detached
Exterior Finish: Vinyl siding
Flooring Type: Flooring Type
Foundation Type: Concrete
Heating Fuel: Oil
Appliances: Refrigerator, Stove, Washer, Dryer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 1
Built in: 1950
Fence Type: Fence
Irregular: Yes
Landscape Features: Landscaped
Lot Size: 50 x 110
Zoning: Residential
Sewer: Municipal sewage system

Rooms:

Storage Basement Level 11 x 13
Recreation Room Basement Level 11 x 10
Bathroom Main Level 3 Piece
Bedroom Main Level 11 x 12
Bedroom Main Level 11 x 11
Primary Bedroom Main Level 12 x 11
Other Main Level 12 x 11
Living Main Level 20 x 25

Courtesy of: BlueKey Realty Inc.

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Potential Investment Performance

Cumulative ROI

161.2%

Cumulative Market Appreciation

$80,121

Net Operating Income in Year 5

$22,529

Cash on Cash Return in Year 5

9.6%

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 %	$58,000
Mortgage Amount	$232,000
Mortgage Payment %	$1,203

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,212

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$566
Net Operating Income	$1,646

Debt Service
Mortgage Payment	$1,203

Net Cash Flow	$442

Cap Rate

6.81%

Acquistion Costs

Down Payment $58,000

Land Transfer Tax $2,612

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $62,612

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	$58,000	-	-	-	-	-	-	-	-	-
Closing Costs	$4,612	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,609	$3,783	$3,964	$4,155	$4,355	$4,564	$4,784	$5,013	$5,254	$5,507
Total	$66,221	$3,783	$3,964	$4,155	$4,355	$4,564	$4,784	$5,013	$5,254	$5,507
Cash Invested	$66,221	$70,004	$73,969	$78,125	$82,480	$87,045	$91,829	$96,843	$102,098	$107,605

Rental Cash Flows
Rent and other income	$26,555	$27,352	$28,172	$29,017	$29,888	$30,785	$31,708	$32,659	$33,639	$34,648
Operating Expenses	-$6,798	-$6,970	-$7,146	-$7,327	-$7,512	-$7,703	-$7,898	-$8,098	-$8,304	-$8,515
Mortgage Payment	-$14,445	-$14,445	-$14,445	-$14,445	-$14,445	-$14,445	-$14,445	-$14,445	-$14,445	-$14,445
Net Cash Flow	$5,311	$5,936	$6,581	$7,245	$7,930	$8,637	$9,365	$10,116	$10,890	$11,688

Returns
Property Price Appreciation	$14,500	$15,224	$15,986	$16,785	$17,624	$18,506	$19,431	$20,402	$21,423	$22,494
Mortgage Paydown	$3,609	$3,783	$3,964	$4,155	$4,355	$4,564	$4,784	$5,013	$5,254	$5,507
Net Cash Flow	$5,311	$5,936	$6,581	$7,245	$7,930	$8,637	$9,365	$10,116	$10,890	$11,688
Total Return	$23,421	$24,944	$26,532	$28,186	$29,910	$31,707	$33,580	$35,532	$37,568	$39,689
Cumulative Return	$23,421	$48,365	$74,898	$103,085	$132,995	$164,703	$198,284	$233,817	$271,385	$311,075

Investment Metrics
Cumulative ROI	35.4%	69.1%	101.3%	131.9%	161.2%	189.2%	215.9%	241.4%	265.8%	289.1%
Cash On Cash	8.0%	8.5%	8.9%	9.3%	9.6%	9.9%	10.2%	10.4%	10.7%	10.9%