$149,900

33 Meadowbrook Drive, St. John's, Newfoundland & Labrador, A1S 1E7

QuickQuote^TM: Not Available

MLS® # 1280515

2 Beds

1 Bath

Property Information:

Effectively new ! This home has been completely rebuilt , new roof trusses, singles, siding , windows and doors. Insulated roof and walls. New electrical, plumbing , drywall . Exterior walls are new 2x4 framing, foundation is skirted with a high quality composite sheathing . New appliances , new bathroom . Lot is large and is backing on a peaceful river . New private patio deck and new double paved driveway. A delightful cozy home ! Land is leasehold at 300 per month rent. *Purchasers may require a minimum of 20% down payment for mortgage financing.* (id:27)

Building Features:

Style: Detached
Building Type: Mobile Home
Construction Style - Attachment: Detached
Exterior Finish: Vinyl siding
Fixture: Drapes/Window coverings
Flooring Type: Laminate
Foundation Type: Block
Heating Type: Baseboard heaters
Heating Fuel: Electric
Appliances: Dishwasher, Refrigerator, Stove

Property Features:

OwnershipType: Leasehold
Property Type: Single Family
Bedrooms: 2
Bathrooms: 1
Access Type: Year-round access
Amenities Nearby: Recreation, Shopping
Built in: 1972
Irregular: Yes
Landscape Features: Landscaped
Lot Size: 70x140
Structure Type: Patio(s)
Zoning: RES
Sewer: Municipal sewage system

Rooms:

Laundry Main Level 4x6
Bathroom Main Level full 4 piece
Bedroom Main Level 10x12
Bedroom Main Level 8x9
Living Main Level 12x16
Other Main Level 12x12

Courtesy of: RE/MAX Realty Specialists

More Detail

Less Detail

Potential Investment Performance

Cumulative ROI

275.1%

Cumulative Market Appreciation

$41,414

Net Operating Income in Year 5

$22,642

Cash on Cash Return in Year 5

34.4%

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 %	$29,980
Mortgage Amount	$119,920
Mortgage Payment %	$622

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,158

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$501
Net Operating Income	$1,657

Debt Service
Mortgage Payment	$622

Net Cash Flow	$1,035

Cap Rate

13.27%

Acquistion Costs

Down Payment $29,980

Land Transfer Tax $1,447

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $33,427

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	$29,980	-	-	-	-	-	-	-	-	-
Closing Costs	$3,447	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$1,865	$1,955	$2,049	$2,147	$2,251	$2,359	$2,472	$2,591	$2,716	$2,846
Total	$35,292	$1,955	$2,049	$2,147	$2,251	$2,359	$2,472	$2,591	$2,716	$2,846
Cash Invested	$35,292	$37,248	$39,297	$41,445	$43,697	$46,056	$48,529	$51,121	$53,837	$56,684

Rental Cash Flows
Rent and other income	$25,902	$26,679	$27,479	$28,304	$29,153	$30,028	$30,928	$31,856	$32,812	$33,796
Operating Expenses	-$6,015	-$6,170	-$6,329	-$6,493	-$6,660	-$6,833	-$7,010	-$7,191	-$7,378	-$7,569
Mortgage Payment	-$7,466	-$7,466	-$7,466	-$7,466	-$7,466	-$7,466	-$7,466	-$7,466	-$7,466	-$7,466
Net Cash Flow	$12,420	$13,042	$13,683	$14,344	$15,026	$15,728	$16,452	$17,198	$17,967	$18,760

Returns
Property Price Appreciation	$7,495	$7,869	$8,263	$8,676	$9,110	$9,565	$10,044	$10,546	$11,073	$11,627
Mortgage Paydown	$1,865	$1,955	$2,049	$2,147	$2,251	$2,359	$2,472	$2,591	$2,716	$2,846
Net Cash Flow	$12,420	$13,042	$13,683	$14,344	$15,026	$15,728	$16,452	$17,198	$17,967	$18,760
Total Return	$21,781	$22,867	$23,996	$25,169	$26,387	$27,653	$28,969	$30,336	$31,757	$33,234
Cumulative Return	$21,781	$44,649	$68,645	$93,814	$120,202	$147,855	$176,825	$207,161	$238,919	$272,153

Investment Metrics
Cumulative ROI	61.7%	119.9%	174.7%	226.4%	275.1%	321.0%	364.4%	405.2%	443.8%	480.1%
Cash On Cash	35.2%	35.0%	34.8%	34.6%	34.4%	34.2%	33.9%	33.6%	33.4%	33.1%