Telephone Email103 Majors Path, St. John's, Newfoundland & Labrador, Canada A1A4Z9

103 Majors Path

St. John's, NL, A1A4Z9

$399,000

103 Majors Path St. John's Newfoundland & Labrador Canada A1A4Z9, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki

416-873-4676

haris@barki.co

REALTOR ®

Keller Williams Platinum Realty

About the property (MLS: 1255895):

Located on Majors Path in the east end of St. John's is 2.18 acres of commercially zoned land, vacant and level. This lot has 2 nearby intersections for quick and convenient access to the Trans Canada Highway and is just minutes from the airport. Numerous other commercial/Industrial businesses in the area. The possibilities are endless for this great piece of property. (id:56688)

Property Details

MLS: 1255895
Listing ID: 25378892
Address: 103 Majors Path, St. John's, Newfoundland & Labrador, Canada A1A4Z9
Status: Active
Last updated: 4 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.608564, -52.729819]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $319,200

Mortgage insurance premium: $0

Total Financing: $319,200

Rough closing fee (1.5%): ~ $5,985

Total downpayment with estimated closing fee: $85,785

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Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$0	$0
Gross rental income (income/principal ratio)	0.000%	0.000%
Mortgage	$0	$0
Monthly Expenses	$499	$5,988
Vacancy	$0	$0
Management Fee	$0	$0
Expense / Income Ratio	Infinity%	Infinity%
Cash Flow	$-499	$-5,988
Net Operating Income (NOI)	$-499	$-5,988
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).): $570,000

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