1274 Blackhead Road
St. John's, NL, A1C5H2
$175,000
About the property (MLS: 1266260):
An amazing opportunity to buy approximately 8 acres of beautiful untouched, treed land, located on the main road to Blackhead/ Historic Cape Spear and just 10 Minutes drive to downtown St. John’s. Great for a developer. Surveyed, Any applicable taxes or fees are the responsibility of the purchaser. (id:56688)
Property Details
MLS: 1266260
Listing ID: 26348758
Address: 1274 Blackhead Road, St. John's, Newfoundland & Labrador, Canada A1C5H2
Status: Active
Last updated: 4 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $1,344
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.512705, -52.668225]
Listing ID: 26348758
Address: 1274 Blackhead Road, St. John's, Newfoundland & Labrador, Canada A1C5H2
Status: Active
Last updated: 4 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $1,344
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.512705, -52.668225]
Rooms
Basic Calculator
First Mortgage: $140,000
Mortgage insurance premium: $0
Total Financing: $140,000
Rough closing fee (1.5%): ~ $2,625
Total downpayment with estimated closing fee: $37,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $219 | $2,628 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-219 | $-2,628 |
| Net Operating Income (NOI) | $-219 | $-2,628 |
| 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).): $250,000
