Telephone EmailLot 4 Spruce Hill (160-180) Road, Conception Bay South, Newfoundland & Labrador, Canada A1W5P3

Lot 4 Spruce Hill (160-180) Road

Conception Bay South, NL, A1W5P3

3 Beds | 3 Baths

$828,500

Lot 4 Spruce Hill (160-180) Road Conception Bay South Newfoundland & Labrador Canada A1W5P3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki

416-873-4676

haris@barki.co

REALTOR ®

Keller Williams Platinum Realty

About the property (MLS: 1275400):

This modern style 2 story with a large attached garage is starting soon on Spruce Hill Road. The main level features open concept dining area, kitchen, living area, 1/2 bathroom, dual mini split, propane fireplace, 9ft main floor ceilings. The 2nd level features master bedroom with ensuite & walk in closet, 2 large bedrooms, laundry and main bath. The exterior includes brick and wood siding on the front. Bonus Beautiful 3 seasons sun room included. We have an Interior designer to help guide you through your selections and finishes. This is designed & built by Core Contracting. (id:56688)

Property Details

MLS: 1275400
Listing ID: 27221318
Address: Lot 4 Spruce Hill (160-180) Road, Conception Bay South, Newfoundland & Labrador, Canada A1W5P3
Status: Active
Last updated: 5 months ago ( Aug 5, 2024 )
Year Built: 2024
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric, Propane
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 3,013 square feet
Price per sq ft: $275
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric, Propane
Flooring: Other
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.528905, -52.930413]

Rooms

Main level	Not known Dining room Living room Kitchen	21.3 x 21.7 null 12.6 x 10.5 null 14 .6 x 16 null 13.5 x 12.8 null
Second level	Bedroom Bedroom Primary Bedroom	11.6 x 14 null 12.4 x 13.8 null 15.2 x 16.2 null

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $662,800

Mortgage insurance premium: $0

Total Financing: $662,800

Rough closing fee (1.5%): ~ $12,428

Total downpayment with estimated closing fee: $178,128

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Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$3,315	$39,780
Gross rental income (income/principal ratio)	0.400%	4.801%
Mortgage	$0	$0
Monthly Expenses	$1,036	$12,432
Vacancy	$166	$1,989
Management Fee	$266	$3,183
Expense / Income Ratio	31.25%	31.25%
Cash Flow	$1,849	$22,188
Net Operating Income (NOI)	$1,849	$22,188
Capitalization Rate	0.22%	2.68%

Capitalization Rate: 2.68%

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).): $1,183,572

Scores

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