378 ST. Thomas Line
Paradise, NL, A1L3K9
$1,350,000
About the property (MLS: 1254527):
A large 24.36 acre site with 618 ft frontage (Lawlors Road & St. Thomas Line) that’s zoned RMD & CON. Property is located in an established residential district & is provided with normal infrastructure. The surrounding area has seen a great deal of new development over the last decade. Survey completed March 10, 2020. See documents (id:56688)
Property Details
MLS: 1254527
Listing ID: 25221663
Address: 378 ST. Thomas Line, Paradise, Newfoundland & Labrador, Canada A1L3K9
Status: Active
Last updated: 4 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
View: Ocean view
Price per sq ft: $∞
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Parcel Number: 1216601
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.558735, -52.891359]
Listing ID: 25221663
Address: 378 ST. Thomas Line, Paradise, Newfoundland & Labrador, Canada A1L3K9
Status: Active
Last updated: 4 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
View: Ocean view
Price per sq ft: $∞
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Parcel Number: 1216601
Common Interest: Freehold
Number of photos available: 11
Rurl
Coordinates: [47.558735, -52.891359]
Rooms
Basic Calculator
First Mortgage: $1,080,000
Mortgage insurance premium: $0
Total Financing: $1,080,000
Rough closing fee (1.5%): ~ $20,250
Total downpayment with estimated closing fee: $290,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,688 | $20,256 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-1,688 | $-20,256 |
| Net Operating Income (NOI) | $-1,688 | $-20,256 |
| 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).): $1,928,572
