27 Millers Road
CBS, NL, A1W2B7
4 Beds | 4 Baths
$609,900
About the property (MLS: 1280721):
Collect rental income, get help with mortgage payments & enjoy the commanding views of the Ocean, Topsail Beach and Topsail Bluff… this stylish home in Sunny CBS is ready for your customizations! With rear-yard access, this modern 2-storey sits on an oversized lot that is almost ½ acre! Having an open concept main floor with potlights throughout, there is a large great room with breathtaking views, a formal entry/porch, a kitchen & dedicated dining area, 3 bedrooms and 2.5 bathrooms with laundry on 2nd floor. The house has a 400amp double meter and plumbing roughed for a future customized apartment! The basement is insulated and ready for development! With 2-decks (a 10x12 deck off the master bedroom), relax, unwind or entertain, party and enjoy breath taking views from this property! From this fantastic location, you are minutes to Topsail Beach, hiking trails, CBS by-pass highway, Costco & big shops at Galway and everything else CBS has to offer! The home comes with a 10-Year Atlantic Home Warranty. HST rebates will be signed back to the vendor. Another quality home by Eagle Construction. Eagle Construction is the recipient of multiple prestigious Atlantic Home Warranty awards including the Customer Choice award in 2018 and 2019 as well as the Homeowner Choice award in 2022! (id:56688)
Property Details
Listing ID: 27778663
Address: 27 Millers Road, CBS, Newfoundland & Labrador, Canada A1W2B7
Status: Active
Last updated: 2 months ago ( Jan 23, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
View: Ocean view, View
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,274 square feet
Price per sq ft: $269
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: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.537847, -52.928414]
Rooms
| Second level | Bedroom Bedroom Primary Bedroom | 10.2x10.8 null 10.6x9.10 null 11.8x16.6 null |
| Main level | Kitchen Dining room Living room | 13.6x15 null 9.10x15 null 11.8x25 null |
Basic Calculator
First Mortgage: $487,920
Mortgage insurance premium: $0
Total Financing: $487,920
Rough closing fee (1.5%): ~ $9,149
Total downpayment with estimated closing fee: $131,129
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,502 | $30,024 |
| Gross rental income (income/principal ratio) | 0.410% | 4.923% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $763 | $9,156 |
| Vacancy | $126 | $1,502 |
| Management Fee | $201 | $2,402 |
| Expense / Income Ratio | 30.50% | 30.50% |
| Cash Flow | $1,414 | $16,968 |
| Net Operating Income (NOI) | $1,414 | $16,968 |
| Capitalization Rate | 0.23% | 2.78% |
