20-24 Scotts Lane N
Conception Bay South, NL, A1X6L2
$149,000
About the property (MLS: 1265526):
This private 1 acre level lot with 156 foot frontage is loacted just a few hundred feet from the ocean & NL Trailway. Municipal water & sewer are close to the property. Could be subdivided into 2 lots(with council approval) or 1 large lot for an executive home! Purchaser is responsible for all council fees & any HST if applicable! (id:56688)
Property Details
MLS: 1265526
Listing ID: 26269694
Address: 20-24 Scotts Lane N, Conception Bay South, Newfoundland & Labrador, Canada A1X6L2
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: $290
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Community Water System
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.487768, -53.042442]
Listing ID: 26269694
Address: 20-24 Scotts Lane N, Conception Bay South, Newfoundland & Labrador, Canada A1X6L2
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: $290
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Community Water System
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.487768, -53.042442]
Rooms
Basic Calculator
First Mortgage: $119,200
Mortgage insurance premium: $0
Total Financing: $119,200
Rough closing fee (1.5%): ~ $2,235
Total downpayment with estimated closing fee: $32,035
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $187 | $2,244 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-187 | $-2,244 |
| Net Operating Income (NOI) | $-187 | $-2,244 |
| Capitalization Rate | -0.13% | -1.51% |
Capitalization Rate: -1.51%
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).): $212,858
