About the property (MLS: 1269608):
Vacant Building Lot - Pretty Place! Build your dream home on this beautiful building lot on Pretty Place. Lot is approved in principle. Municipal water and sewer connections are available on the street. All building permits, service costs and all associated costs involved in preparing the lot for development is the responsibility of the purchaser. This building lot is HST applicable. Survey is shown in photos and a copy is also available upon request. Potential of additional frontage of land being available to purchase. (id:56688)
Property Details
MLS: 1269608
Listing ID: 27088403
Address: 8 Pretty Place, Paradise, Newfoundland & Labrador, Canada A1L3H4
Status: Active
Last updated: 4 months ago ( Jun 25, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
View: View
Price per sq ft: $∞
Tax Annual Amount: $0
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.54808, -52.893882]
Listing ID: 27088403
Address: 8 Pretty Place, Paradise, Newfoundland & Labrador, Canada A1L3H4
Status: Active
Last updated: 4 months ago ( Jun 25, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
View: View
Price per sq ft: $∞
Tax Annual Amount: $0
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.54808, -52.893882]
Rooms
Basic Calculator
First Mortgage: $68,000
Mortgage insurance premium: $0
Total Financing: $68,000
Rough closing fee (1.5%): ~ $1,275
Total downpayment with estimated closing fee: $18,275
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $0 | $0 |
Gross rental income (income/principal ratio) | 0.000% | 0.000% |
Mortgage | $0 | $0 |
Monthly Expenses | $107 | $1,284 |
Vacancy | $0 | $0 |
Management Fee | $0 | $0 |
Expense / Income Ratio | Infinity% | Infinity% |
Cash Flow | $-107 | $-1,284 |
Net Operating Income (NOI) | $-107 | $-1,284 |
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).): $121,429