About the property (MLS: 1257822):
Great opportunity for developers! 516 Kenmount Road is an undeveloped 36.82 acreage located above the 190 meter contour running behind Orlando Place and Stephano Street in Kenmount Terrace, running back between the back of lots on Sir Wilfred Grenfell Place and the line up from the rear of the properties on Duke Street (east side). 31.06 Acres are zoned Comprehensive Development Area and 5.76 Acres are zoned Rural. Huge future development potential. (id:56688)
Property Details
MLS: 1257822
Listing ID: 25558267
Address: 516 Kenmount Road, St John's, Newfoundland & Labrador, Canada A1B4J8
Status: Active
Last updated: 6 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No 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: None
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.549179, -52.800789]
Listing ID: 25558267
Address: 516 Kenmount Road, St John's, Newfoundland & Labrador, Canada A1B4J8
Status: Active
Last updated: 6 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No 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: None
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.549179, -52.800789]
Rooms
Basic Calculator
First Mortgage: $1,472,800
Mortgage insurance premium: $0
Total Financing: $1,472,800
Rough closing fee (1.5%): ~ $27,615
Total downpayment with estimated closing fee: $395,815
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $0 | $0 |
Gross rental income (income/principal ratio) | 0.000% | 0.000% |
Mortgage | $0 | $0 |
Monthly Expenses | $2,302 | $27,624 |
Vacancy | $0 | $0 |
Management Fee | $0 | $0 |
Expense / Income Ratio | Infinity% | Infinity% |
Cash Flow | $-2,302 | $-27,624 |
Net Operating Income (NOI) | $-2,302 | $-27,624 |
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).): $2,630,000