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TelephoneEmail397 Lanark Drive, Paradise, Newfoundland & Labrador, Canada A1l0m3

397 Lanark Drive

Paradise, NL, A1l0m3

location

$125,000

397 Lanark Drive Paradise Newfoundland & Labrador Canada A1l0m3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1278880):

FANTASTIC OVERSIZED CORNER LOT . JUST STEPS AWAY FROM ADAMS POND, WALKING TRAIL AND RECREATION. THIS FANTASTIC LOT CAN ACCOMODATE A WALK OUT BASEMENT. SUBJECT TO HST (id:56688)

Property Details
MLS: 1278880
Listing ID: 27566236
Address: 397 Lanark Drive, Paradise, Newfoundland & Labrador, Canada A1l0m3
Status: Active
Last updated: 12 days ago ( Oct 22, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $
Tax Annual Amount: $0
Tax Year: 2024
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: [47.532402, -52.89165]

Rooms

Basic Calculator



First Mortgage: $100,000

Mortgage insurance premium: $0

Total Financing: $100,000

Rough closing fee (1.5%): ~ $1,875

Total downpayment with estimated closing fee: $26,875

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Investment Calculator:

MonthlyYearly
Gross Revenue$0$0
Gross rental income (income/principal ratio)0.000%0.000%
Mortgage$0$0
Monthly Expenses$157$1,884
Vacancy$0$0
Management Fee$0$0
Expense / Income RatioInfinity%Infinity%
Cash Flow$-157$-1,884
Net Operating Income (NOI)$-157$-1,884
Capitalization Rate-0.13%-1.51%
Capitalization Rate: -1.51%
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).): $178,572