5 McLea Place
St. John's, NL, A1E0B5
$339,000
About the property (MLS: 1235543):
Beautiful oversized lot in McLea Park, Close to Downtown and mature neighborhood. St.John's, West End. McLea Park is situated in the West End Valley and offers a great opportunity for a custom home design and development. Restrictive Covenants apply. HST included. (id:56688)
Property Details
MLS: 1235543
Listing ID: 23517679
Address: 5 McLea Place, St. John's, Newfoundland & Labrador, Canada A1E0B5
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $1,810
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.547002, -52.724231]
Listing ID: 23517679
Address: 5 McLea Place, St. John's, Newfoundland & Labrador, Canada A1E0B5
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $1,810
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.547002, -52.724231]
Rooms
Basic Calculator
First Mortgage: $271,200
Mortgage insurance premium: $0
Total Financing: $271,200
Rough closing fee (1.5%): ~ $5,085
Total downpayment with estimated closing fee: $72,885
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $424 | $5,088 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-424 | $-5,088 |
| Net Operating Income (NOI) | $-424 | $-5,088 |
| Capitalization Rate | -0.13% | -1.50% |
Capitalization Rate: -1.50%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $484,286
