460 MADDOX COVE Road
ST. JOHN'S, NL, A1C5H5
$125,000
About the property (MLS: 1266908):
This is one of two 2 building Lots remaining out of 11 approved building lots. Each lot is approximately 3 acres and only 8 minutes from downtown St. John's, and minutes away from the beautiful Maddox Cove / Petty Harbour. This area offers privacy with the convenience of city amenities only minutes away. Vendor has installed culvert at front of the lot. Lots located 1.9kms on the left from the turnoff to Maddox Cove off Blackhead Rd. HST extra (id:56688)
Property Details
MLS: 1266908
Listing ID: 26409957
Address: 460 MADDOX COVE Road, ST. JOHN'S, Newfoundland & Labrador, Canada A1C5H5
Status: Active
Last updated: 7 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $963
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.494976, -52.704742]
Listing ID: 26409957
Address: 460 MADDOX COVE Road, ST. JOHN'S, Newfoundland & Labrador, Canada A1C5H5
Status: Active
Last updated: 7 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $963
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.494976, -52.704742]
Rooms
Basic Calculator
First Mortgage: $100,000
Mortgage insurance premium: $0
Total Financing: $100,000
Rough closing fee (1.5%): ~ $1,875
Total downpayment with estimated closing fee: $26,875
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $157 | $1,884 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-157 | $-1,884 |
| Net Operating Income (NOI) | $-157 | $-1,884 |
| 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).): $178,572
