78-82 and 86-90a Larch Grove Road
Conception Bay South, NL, A1X6J9
$80,000
About the property (MLS: 1275460):
Two parcels of R zoned land being sold as a package with a right of way in between - 86-90a Larch Groove Road (1.903 acres) and 78-82 a larch grove road (1.907 acres). Located at the end of Andrews Road (accessible via Scotts Road North) in sunny CBS. Purchaser is also responsible for any costs associated with further permits and HST if applicable. Survey available to prospective purchasers only. Please check with your agent or with the town of CBS for zoning information. (id:56688)
Property Details
MLS: 1275460
Listing ID: 27226669
Address: 78-82 and 86-90a Larch Grove Road, Conception Bay South, Newfoundland & Labrador, Canada A1X6J9
Status: Active
Last updated: a month ago ( Jul 29, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $787
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.477095, -53.037553]
Listing ID: 27226669
Address: 78-82 and 86-90a Larch Grove Road, Conception Bay South, Newfoundland & Labrador, Canada A1X6J9
Status: Active
Last updated: a month ago ( Jul 29, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $787
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.477095, -53.037553]
Rooms
Basic Calculator
First Mortgage: $64,000
Mortgage insurance premium: $0
Total Financing: $64,000
Rough closing fee (1.5%): ~ $1,200
Total downpayment with estimated closing fee: $17,200
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $100 | $1,200 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-100 | $-1,200 |
| Net Operating Income (NOI) | $-100 | $-1,200 |
| 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).): $114,286
