576 Thorburn Road
St.John's, NL, A1B4R2
$249,000
About the property (MLS: 1269229):
***THIS IS THE OPPORTUNITY YOU HAVE BEEN WAITING FOR*** This lot has COMMERCIAL and RESIDENTIAL zoning. The possibilities are endless! Build your own custom DREAM home on this 1.9 acre lot located on Thorburn Rd. Better yet, start or expand your BUSINESS. This neighborhood is near many amenities, parks, shopping, and recreation. HUGE BONUS… this lot is SECONDS away from the outer ring road. Any HST would be the responsibility of the purchaser. (id:56688)
Property Details
MLS: 1269229
Listing ID: 26689331
Address: 576 Thorburn Road, St.John's, Newfoundland & Labrador, Canada A1B4R2
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: $898
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 10
Rurl
Coordinates: [47.566155, -52.807393]
Listing ID: 26689331
Address: 576 Thorburn Road, St.John's, Newfoundland & Labrador, Canada A1B4R2
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: $898
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 10
Rurl
Coordinates: [47.566155, -52.807393]
Rooms
Basic Calculator
First Mortgage: $199,200
Mortgage insurance premium: $0
Total Financing: $199,200
Rough closing fee (1.5%): ~ $3,735
Total downpayment with estimated closing fee: $53,535
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $312 | $3,744 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-312 | $-3,744 |
| Net Operating Income (NOI) | $-312 | $-3,744 |
| 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).): $355,715
