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Newfoundland and Labrador
St. John's
98 Merrymeeting Road

$199,900

98 Merrymeeting Road, St. John's, Newfoundland & Labrador, A1C 2W1

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MLS® # 1281465

3 Beds

1 Bath

Property Information:

This two-story home is ideally located in the heart of the city, offering convenience with easy access to a bus route and within walking distance to schools, grocery stores, and other amenities. As you enter through the front door, you'll step into a large foyer, which leads into the bright and inviting living room that benefits from plenty of natural light. The cozy kitchen is open to a dining area, creating a warm, welcoming space for family meals and entertaining. The main floor also includes a versatile extra room, perfect for use as a storage area, TV room, office, or mudroom – the choice is yours. Upstairs, you'll find three well-sized bedrooms and a three-piece bathroom, providing ample space for family living. The basement features a crawl space, ideal for storage. The backyard is fully fenced, providing privacy and a secure area for pets or children to play. This charming home combines functionality, a central location, and flexibility for a variety of needs. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: 2 Level
Exterior Finish: Wood shingles, Vinyl siding
Flooring Type: Carpeted, Laminate, Flooring Type
Heating Fuel: Electric
Appliances: Refrigerator, Stove

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 1
Built in: 1940
Irregular: Yes
Lot Size: 20x80 approx.
Zoning: Res
Sewer: Municipal sewage system

Rooms:

Bathroom 2nd Level 3pc
Bedroom 2nd Level 11x11
Bedroom 2nd Level 7x7.8
Bedroom 2nd Level 11.1x12.6
Family Main Level 11x16
Kitchen Main Level 8x9
Dining Main Level 11x10.6
Living Main Level 12x12.6

Courtesy of: 3% Realty East Coast

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Potential Investment Performance

Cumulative ROI

213.8%

Cumulative Market Appreciation

$55,228

Net Operating Income in Year 5

$22,223

Cash on Cash Return in Year 5

21.1%

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 %	$39,980
Mortgage Amount	$159,920
Mortgage Payment %	$829

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	$520
Net Operating Income	$1,625

Debt Service
Mortgage Payment	$829

Net Cash Flow	$795

Cap Rate

9.76%

Acquistion Costs

Down Payment $39,980

Land Transfer Tax $1,863

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $43,843

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	$39,980	-	-	-	-	-	-	-	-	-
Closing Costs	$3,863	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$2,488	$2,607	$2,733	$2,864	$3,002	$3,146	$3,297	$3,456	$3,622	$3,796
Total	$46,331	$2,607	$2,733	$2,864	$3,002	$3,146	$3,297	$3,456	$3,622	$3,796
Cash Invested	$46,331	$48,938	$51,672	$54,536	$57,538	$60,685	$63,982	$67,438	$71,061	$74,857

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	-$6,247	-$6,407	-$6,570	-$6,738	-$6,911	-$7,088	-$7,270	-$7,456	-$7,648	-$7,845
Mortgage Payment	-$9,957	-$9,957	-$9,957	-$9,957	-$9,957	-$9,957	-$9,957	-$9,957	-$9,957	-$9,957
Net Cash Flow	$9,549	$10,162	$10,794	$11,446	$12,118	$12,810	$13,524	$14,260	$15,019	$15,801

Returns
Property Price Appreciation	$9,995	$10,494	$11,019	$11,570	$12,148	$12,756	$13,394	$14,063	$14,767	$15,505
Mortgage Paydown	$2,488	$2,607	$2,733	$2,864	$3,002	$3,146	$3,297	$3,456	$3,622	$3,796
Net Cash Flow	$9,549	$10,162	$10,794	$11,446	$12,118	$12,810	$13,524	$14,260	$15,019	$15,801
Total Return	$22,032	$23,265	$24,547	$25,881	$27,269	$28,713	$30,216	$31,780	$33,408	$35,103
Cumulative Return	$22,032	$45,297	$69,845	$95,726	$122,995	$151,709	$181,925	$213,706	$247,115	$282,218

Investment Metrics
Cumulative ROI	47.6%	92.6%	135.2%	175.5%	213.8%	250.0%	284.3%	316.9%	347.7%	377.0%
Cash On Cash	20.6%	20.8%	20.9%	21.0%	21.1%	21.1%	21.1%	21.1%	21.1%	21.1%