Lot 2 Church Terrace
Conception Bay South, NL, A1W5M7
$179,900
About the property (MLS: 1267115):
Don't miss this amazing opportunity to buy and construct in the most desirable Topsail area. It's difficult to find mature property in this neighbourhood. The buyer is responsible for permi tfees to the town of Conception Bay South as well as hst on the purchase price at closing. The water stub is on the property's front boundary line, while the sewer is on the property's back boundary. Purchaser will have to sign off on the grading plan and conditions of approval to build as approved by the town of Conception Bay South. (id:56688)
Property Details
MLS: 1267115
Listing ID: 26427511
Address: Lot 2 Church Terrace, Conception Bay South, Newfoundland & Labrador, Canada A1W5M7
Status: Active
Last updated: 2 months ago ( Sep 3, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $1,460
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 17
Rurl
Coordinates: [47.536199, -52.939037]
Listing ID: 26427511
Address: Lot 2 Church Terrace, Conception Bay South, Newfoundland & Labrador, Canada A1W5M7
Status: Active
Last updated: 2 months ago ( Sep 3, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $1,460
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 17
Rurl
Coordinates: [47.536199, -52.939037]
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
