123 Majors Path
St. John's, NL, A1A4Z9
$299,000
About the property (MLS: 1269486):
Located on Majors Path in the east end of St. John's is this piece of commercially zoned land, vacant and level. This lot has 2 nearby intersections for quick and convenient access to the Trans Canada Highway and is just minutes from the airport. Numerous other commercial/Industrial businesses in the area. The possibilities are endless for this great piece of property. (id:56688)
Property Details
MLS: 1269486
Listing ID: 26718709
Address: 123 Majors Path, St. John's, Newfoundland & Labrador, Canada A1A4Z9
Status: Active
Last updated: a year ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Septic tank
Price per sq ft: $∞
Tax Annual Amount: $0
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: 2
Rurl
Coordinates: [47.608119, -52.731576]
Listing ID: 26718709
Address: 123 Majors Path, St. John's, Newfoundland & Labrador, Canada A1A4Z9
Status: Active
Last updated: a year ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Septic tank
Price per sq ft: $∞
Tax Annual Amount: $0
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: 2
Rurl
Coordinates: [47.608119, -52.731576]
Rooms
Basic Calculator
First Mortgage: $239,200
Mortgage insurance premium: $0
Total Financing: $239,200
Rough closing fee (1.5%): ~ $4,485
Total downpayment with estimated closing fee: $64,285
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $374 | $4,488 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-374 | $-4,488 |
| Net Operating Income (NOI) | $-374 | $-4,488 |
| 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).): $427,143
