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Newfoundland and Labrador
St. John's
93 Eastbourne Crescent

$425,000

93 Eastbourne Crescent, St. John's, Newfoundland & Labrador, A1A 5V7

QuickQuote^TM: $393K - $478K

MLS® # 1275963

3+1 Beds

3 Baths

Property Information:

Welcome to 93 Eastbourne Crescent, a charming 4-bedroom, 2.5-bathroom home nestled on a spacious lot in the heart of St. John's, NL. This delightful property offers a perfect blend of comfort, functionality, and potential, making it an ideal place to call home. Step inside this lovely home and you'll be greeted by a warm and inviting atmosphere. The main floor features a thoughtfully designed living space, kitchen and dining area. The large windows allow an abundance of natural light to flood the interior, creating an airy and bright ambiance. The kitchen is spacious and offers the perfect place to whip up delicious meals and entertain guests. The remainder of the main floor provides three comfortable bedrooms, each offering a tranquil retreat for rest and relaxation. This home offers the piece and mind of new shingles installed in 2022 and new hot water boiler in 2023. This home features a large yard, so if you envision creating a beautiful garden oasis or setting up a play area for children, the options are endless. Additionally, the home comes with an partial finished basement, transform this space into a home office, gym, or entertainment area – the choice is yours, and one could even explore the option of adding a basement apartment to take advantage of the city's ultra low vacancy rate! Conveniently located in a family-friendly neighborhood, 93 Eastbourne Crescent is within close proximity to schools, parks, shopping, and all the amenities St. John's has to offer. Don't miss this opportunity to own a home that combines comfort, style, and potential. Offers will be opened by client Sun at 6pm (id:27)

Building Features:

Style: Detached
Building Type: House
Construction Style - Attachment: Detached
Exterior Finish: Vinyl siding
Flooring Type: Hardwood
Foundation Type: Concrete
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3+1
Bathrooms: 3
Half Bathrooms: 1
Built in: 2005
Irregular: Yes
Lot Size: 50x100
Zoning: res
Sewer: Municipal sewage system

Rooms:

Bathroom Lower Level 8x5
Storage Lower Level 10.4x35.6
Laundry Lower Level 7.5x4
Bedroom Lower Level 10.4x10.4
Bedroom Main Level 10x9.2
Bedroom Main Level 9x11.8
Ensuite Bathroom Main Level 5.11x5.8
Primary Bedroom Main Level 12.4x11
Porch Main Level 6x4.10
Kitchen Main Level 10.11x9.9
Living Main Level 26.2x10.10

Courtesy of: eXp Realty

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Potential Investment Performance

Cumulative ROI

150.8%

Cumulative Market Appreciation

$117,419

Net Operating Income in Year 5

$29,965

Cash on Cash Return in Year 5

7.2%

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 %	$85,000
Mortgage Amount	$340,000
Mortgage Payment %	$1,764

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,907

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$716
Net Operating Income	$2,191

Debt Service
Mortgage Payment	$1,764

Net Cash Flow	$427

Cap Rate

6.19%

Acquistion Costs

Down Payment $85,000

Land Transfer Tax $3,736

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $90,736

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	$85,000	-	-	-	-	-	-	-	-	-
Closing Costs	$5,736	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$5,290	$5,544	$5,810	$6,090	$6,382	$6,689	$7,011	$7,348	$7,701	$8,071
Total	$96,026	$5,544	$5,810	$6,090	$6,382	$6,689	$7,011	$7,348	$7,701	$8,071
Cash Invested	$96,026	$101,570	$107,381	$113,471	$119,853	$126,543	$133,554	$140,902	$148,603	$156,675

Rental Cash Flows
Rent and other income	$34,895	$35,942	$37,020	$38,131	$39,275	$40,453	$41,667	$42,917	$44,204	$45,531
Operating Expenses	-$8,600	-$8,819	-$9,044	-$9,274	-$9,511	-$9,754	-$10,003	-$10,259	-$10,521	-$10,791
Mortgage Payment	-$21,169	-$21,169	-$21,169	-$21,169	-$21,169	-$21,169	-$21,169	-$21,169	-$21,169	-$21,169
Net Cash Flow	$5,125	$5,953	$6,807	$7,687	$8,594	$9,530	$10,494	$11,488	$12,513	$13,570

Returns
Property Price Appreciation	$21,250	$22,312	$23,428	$24,599	$25,829	$27,120	$28,477	$29,900	$31,395	$32,965
Mortgage Paydown	$5,290	$5,544	$5,810	$6,090	$6,382	$6,689	$7,011	$7,348	$7,701	$8,071
Net Cash Flow	$5,125	$5,953	$6,807	$7,687	$8,594	$9,530	$10,494	$11,488	$12,513	$13,570
Total Return	$31,665	$33,810	$36,046	$38,377	$40,807	$43,340	$45,982	$48,737	$51,610	$54,607
Cumulative Return	$31,665	$65,476	$101,522	$139,899	$180,706	$224,047	$270,030	$318,767	$370,378	$424,985

Investment Metrics
Cumulative ROI	33.0%	64.5%	94.5%	123.3%	150.8%	177.1%	202.2%	226.2%	249.2%	271.3%
Cash On Cash	5.3%	5.9%	6.3%	6.8%	7.2%	7.5%	7.9%	8.2%	8.4%	8.7%