60 Macmar Lane
Conception Bay South, NL, A1X0K6
2 Beds | 2 Baths
$400,000
About the property (MLS: 1276898):
Discover the Villas at Riverdale, a 50+ community situated in a peaceful country setting, offering a grade-level detached bungalow with open-concept living and in-house garage. This spacious unit features 2 bathrooms, full ensuite, main bath, a modern kitchen and dining room combo and large living room. You'll enjoy the benefits of mini-splitsand energy-efficient windows. Best of all, there are no condo fees. Come and visit today to experience the charm of the area for yourself! under construction at the interior (id:56688)
Property Details
MLS: 1276898
Listing ID: 27358834
Address: 60 Macmar Lane, Conception Bay South, Newfoundland & Labrador, Canada A1X0K6
Status: Active
Last updated: 5 days ago ( Mar 19, 2025 )
Year Built: 2024
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,098 square feet
Price per sq ft: $365
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.486746, -53.032051]
Listing ID: 27358834
Address: 60 Macmar Lane, Conception Bay South, Newfoundland & Labrador, Canada A1X0K6
Status: Active
Last updated: 5 days ago ( Mar 19, 2025 )
Year Built: 2024
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,098 square feet
Price per sq ft: $365
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.486746, -53.032051]
Rooms
| Main level | Not known Primary Bedroom Bedroom Dining room Kitchen Living room Porch | 11.11x17.7 null 12x13.4 null 8.6x9.6 null 9.6x9.10 null 14.6x6.3 null 17.4x11.9 null 7.3x11.9 null |
Basic Calculator
First Mortgage: $320,000
Mortgage insurance premium: $0
Total Financing: $320,000
Rough closing fee (1.5%): ~ $6,000
Total downpayment with estimated closing fee: $86,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,208 | $14,496 |
| Gross rental income (income/principal ratio) | 0.302% | 3.624% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $61 | $725 |
| Management Fee | $97 | $1,160 |
| Expense / Income Ratio | 41.39% | 41.39% |
| Cash Flow | $551 | $6,612 |
| Net Operating Income (NOI) | $551 | $6,612 |
| Capitalization Rate | 0.14% | 1.65% |
Capitalization Rate: 1.65%
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).): $571,429
