17 Villas Way
CONCEPTION BAY SOUTH, NL, A1X0K5
2 Beds | 2 Baths
$469,900
About the property (MLS: 1261681):
Welcome to the Villas at Riverdale, a 50 plus community located in a country setting offering grade level open concept semi-detached bungalows. This unit offers 2 bedrooms, master with ensuite, main bath, spacious living room, kitchen and dining room combo. The benefits of this unit include, in-floor hot water heating, as well as mini splits, superior insulated walls (ICF), 9ft ceilings and energy efficient windows. No condo fees. Model pictures, to be built. Rooms sizes and lot sizes may change. Under construction. (id:56688)
Property Details
MLS: 1261681
Listing ID: 25905462
Address: 17 Villas Way, CONCEPTION BAY SOUTH, Newfoundland & Labrador, Canada A1X0K5
Status: Active
Last updated: 5 months ago ( May 23, 2024 )
Year Built: 2023
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,208 square feet
Price per sq ft: $389
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.486341, -53.031418]
Listing ID: 25905462
Address: 17 Villas Way, CONCEPTION BAY SOUTH, Newfoundland & Labrador, Canada A1X0K5
Status: Active
Last updated: 5 months ago ( May 23, 2024 )
Year Built: 2023
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,208 square feet
Price per sq ft: $389
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.486341, -53.031418]
Rooms
| Main level | Primary Bedroom Bedroom Porch Dining room Kitchen Living room | 12.8X11.11 null 11.2X10.8 null 6.1X10.3 null 10.11X13 null 10.11X15.2 null 13.8X16 null |
Basic Calculator
First Mortgage: $375,920
Mortgage insurance premium: $0
Total Financing: $375,920
Rough closing fee (1.5%): ~ $7,049
Total downpayment with estimated closing fee: $101,029
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,329 | $15,948 |
| Gross rental income (income/principal ratio) | 0.283% | 3.394% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $588 | $7,056 |
| Vacancy | $67 | $798 |
| Management Fee | $107 | $1,276 |
| Expense / Income Ratio | 44.24% | 44.24% |
| Cash Flow | $569 | $6,828 |
| Net Operating Income (NOI) | $569 | $6,828 |
| Capitalization Rate | 0.12% | 1.45% |
Capitalization Rate: 1.45%
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).): $671,286
