16 Wettlaufer Road
Conception Bay South, NL, A1X7P6
$60,000
About the property (MLS: 1276928):
Large un-serviced lot located on Foxtrap Access Road, just minutes away from all amenities and schools. Purchaser responsible for hst and all permits required for development and cost recovery to the town of CBS. Water and sewer in the street. (id:56688)
Property Details
MLS: 1276928
Listing ID: 27364053
Address: 16 Wettlaufer Road, Conception Bay South, Newfoundland & Labrador, Canada A1X7P6
Status: Active
Last updated: 3 months ago ( Sep 4, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $456
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: [47.499492, -52.997716]
Listing ID: 27364053
Address: 16 Wettlaufer Road, Conception Bay South, Newfoundland & Labrador, Canada A1X7P6
Status: Active
Last updated: 3 months ago ( Sep 4, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $456
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: [47.499492, -52.997716]
Rooms
Basic Calculator
First Mortgage: $48,000
Mortgage insurance premium: $0
Total Financing: $48,000
Rough closing fee (1.5%): ~ $900
Total downpayment with estimated closing fee: $12,900
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $75 | $900 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-75 | $-900 |
| Net Operating Income (NOI) | $-75 | $-900 |
| 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).): $85,715
