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TelephoneEmail516 Kenmount Road, St John's, Newfoundland & Labrador, Canada A1B4J8

516 Kenmount Road

St John's, NL, A1B4J8

location

$1,841,000

516 Kenmount Road St John's Newfoundland & Labrador Canada A1B4J8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
516 Kenmount Road St John's Newfoundland & Labrador Canada A1B4J8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
516 Kenmount Road St John's Newfoundland & Labrador Canada A1B4J8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
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]

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

0000

Investment Calculator:

MonthlyYearly
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$0
Expense / Income RatioInfinity%Infinity%
Cash Flow$-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