About the property (MLS: 1268461):
1.6 acre lot on Salmon Cove Road, South River. Outstanding unobstructed ocean view in three directions. Beautiful place to build your dream home. 2 additional adjoining lots are also available for sale, if you prefer lots of privacy. Just a few minutes drive down Salmon Cove Road off the Conception Bay Highway. (id:56688)
Property Details
MLS: 1268461
Listing ID: 26589444
Address: 150 Salmon Cove Road, South River, Newfoundland & Labrador, Canada A1A3X0
Status: Active
Last updated: 4 months ago ( Jul 4, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $400
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: [47.550693, -53.25358]
Listing ID: 26589444
Address: 150 Salmon Cove Road, South River, Newfoundland & Labrador, Canada A1A3X0
Status: Active
Last updated: 4 months ago ( Jul 4, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $400
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: [47.550693, -53.25358]
Rooms
Basic Calculator
First Mortgage: $55,200
Mortgage insurance premium: $0
Total Financing: $55,200
Rough closing fee (1.5%): ~ $1,035
Total downpayment with estimated closing fee: $14,835
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $0 | $0 |
Gross rental income (income/principal ratio) | 0.000% | 0.000% |
Mortgage | $0 | $0 |
Monthly Expenses | $87 | $1,044 |
Vacancy | $0 | $0 |
Management Fee | $0 | $0 |
Expense / Income Ratio | Infinity% | Infinity% |
Cash Flow | $-87 | $-1,044 |
Net Operating Income (NOI) | $-87 | $-1,044 |
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).): $98,572