About the property (MLS: 1272716):
UNIQUE OPORTUNITY! Remote cottage with tons of privacy!! Three bedroom, remote cabin offering phenomenal hunting and fishing in the back country of central Newfoundland, approx. 65km from the old mill site in Grandfalls. Fully functional with well and septic. If you love remote adventures, check out this cottage, Don't miss out! (id:56688)
Property Details
MLS: 1272716
Listing ID: 26952203
Address: 1 Island Pond, Sandy Badger, Newfoundland & Labrador, Canada A1A1A1
Status: Active
Last updated: 5 months ago ( May 28, 2024 )
Year Built: 1985
Property Type: Recreational
Architectural Style: Bungalow
Structure Type: Recreational
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Wood
Sewer: Septic tank
Flooring: Mixed Flooring
Living Area Total: 512 square feet
Price per sq ft: $69
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Well
Foundation Details: Wood
Heating: Wood
Flooring: Mixed Flooring
Fireplace Features: Wood, Woodstove
Exterior Features: Wood
Common Interest: Freehold
Number of photos available: 8
Rurl
Coordinates: [48.909295, -55.683873]
Listing ID: 26952203
Address: 1 Island Pond, Sandy Badger, Newfoundland & Labrador, Canada A1A1A1
Status: Active
Last updated: 5 months ago ( May 28, 2024 )
Year Built: 1985
Property Type: Recreational
Architectural Style: Bungalow
Structure Type: Recreational
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Wood
Sewer: Septic tank
Flooring: Mixed Flooring
Living Area Total: 512 square feet
Price per sq ft: $69
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Well
Foundation Details: Wood
Heating: Wood
Flooring: Mixed Flooring
Fireplace Features: Wood, Woodstove
Exterior Features: Wood
Common Interest: Freehold
Number of photos available: 8
Rurl
Coordinates: [48.909295, -55.683873]
Rooms
Main level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Kitchen Living room/Dining room | 6.0x8.0 3pc 8.0x10.0 null 8.0x10.0 null 8.0x10.0 null - null 16.0x14.0 null |
Basic Calculator
First Mortgage: $27,920
Mortgage insurance premium: $0
Total Financing: $27,920
Rough closing fee (1.5%): ~ $524
Total downpayment with estimated closing fee: $7,504
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $564 | $6,768 |
Gross rental income (income/principal ratio) | 1.616% | 19.393% |
Mortgage | $0 | $0 |
Monthly Expenses | $44 | $528 |
Vacancy | $29 | $339 |
Management Fee | $46 | $542 |
Expense / Income Ratio | 7.80% | 7.80% |
Cash Flow | $447 | $5,364 |
Net Operating Income (NOI) | $447 | $5,364 |
Capitalization Rate | 1.28% | 15.37% |
Capitalization Rate: 15.37%
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).): $49,858