67 Cherry Lane
Conception Bay South, NL, A1W3B4
$499,900
About the property (MLS: 1274565):
APPROXIMATELY 5.6 ACRES OF VACANT LAND in a sought after area of Conception Bay South. PURCHASER RESPONSIBLE FOR ALL NECESSARY PERMITS AS WELL AS HST IF APPLICABLE. Measurements are approx. (id:56688)
Property Details
MLS: 1274565
Listing ID: 27139469
Address: 67 Cherry Lane, Conception Bay South, Newfoundland & Labrador, Canada A1W3B4
Status: Active
Last updated: 2 months ago ( Jul 14, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $1,089
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.525056, -52.954502]
Listing ID: 27139469
Address: 67 Cherry Lane, Conception Bay South, Newfoundland & Labrador, Canada A1W3B4
Status: Active
Last updated: 2 months ago ( Jul 14, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $1,089
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.525056, -52.954502]
Rooms
Basic Calculator
First Mortgage: $399,920
Mortgage insurance premium: $0
Total Financing: $399,920
Rough closing fee (1.5%): ~ $7,499
Total downpayment with estimated closing fee: $107,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-625 | $-7,500 |
| Net Operating Income (NOI) | $-625 | $-7,500 |
| 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).): $714,143
