42 Sugarloaf Place
St. John's, NL, A1A5V5
$179,900
About the property (MLS: 1258982):
Just off the east end of the Outer Ring road awaits this 2.1 acre lot with a western view of the valley and the city's east end. Zoned Commercial/Residential mix, the possibilities are numerous. Electricity is next door but water or sewer is a few hundred feet away. Well and septic will be the most economical for servicing. (id:56688)
Property Details
MLS: 1258982
Listing ID: 25682112
Address: 42 Sugarloaf Place, St. John's, Newfoundland & Labrador, Canada A1A5V5
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: $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: 5
Rurl
Coordinates: [47.613906, -52.681854]
Listing ID: 25682112
Address: 42 Sugarloaf Place, St. John's, Newfoundland & Labrador, Canada A1A5V5
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: $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: 5
Rurl
Coordinates: [47.613906, -52.681854]
Rooms
Basic Calculator
First Mortgage: $143,920
Mortgage insurance premium: $0
Total Financing: $143,920
Rough closing fee (1.5%): ~ $2,699
Total downpayment with estimated closing fee: $38,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $225 | $2,700 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-225 | $-2,700 |
| Net Operating Income (NOI) | $-225 | $-2,700 |
| 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).): $257,000
