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]
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
Investment Calculator:
Monthly | Yearly | |
---|---|---|
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 Ratio | Infinity% | 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