1484-1490 Thorburn Road
Portugal Cove - St. Philips, NL, A1A1A1
$229,900
About the property (MLS: 1276624):
2.69 acres of treed land fronting on Thorburn Road. Possible 3 to 4 residential in-fill lots or just one large private lot. Land borders Sunset Landing at the rear. Two residential properties on the land. (value is in land only) Close to St. Philips Beach & Marina & 10 minutes to City of St. John's. Being sold for land value only. Buildings have to be removed. (id:56688)
Property Details
MLS: 1276624
Listing ID: 27334533
Address: 1484-1490 Thorburn Road, Portugal Cove - St. Philips, Newfoundland & Labrador, Canada A1A1A1
Status: Active
Last updated: 16 days ago ( Aug 27, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.586163, -52.878916]
Listing ID: 27334533
Address: 1484-1490 Thorburn Road, Portugal Cove - St. Philips, Newfoundland & Labrador, Canada A1A1A1
Status: Active
Last updated: 16 days ago ( Aug 27, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.586163, -52.878916]
Rooms
Basic Calculator
First Mortgage: $183,920
Mortgage insurance premium: $0
Total Financing: $183,920
Rough closing fee (1.5%): ~ $3,449
Total downpayment with estimated closing fee: $49,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $288 | $3,456 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-288 | $-3,456 |
| Net Operating Income (NOI) | $-288 | $-3,456 |
| 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).): $328,429
