13 Villas Way
Conception Bay South, NL, A1X0M1
2 Beds | 2 Baths
$460,000
About the property (MLS: 1282874):
Welcome to the Villas at Riverdale, a 50 plus community located in a country setting offering grade level open concept semi-detached bungalows. This unit offers 2 bedrooms, master with ensuite, main bath, spacious living room, kitchen and dining room combo. The benefits of this unit include, icf basement, two mini splits, 9ft ceilings and energy efficient windows. No condo fees. Model pictures, to be built. Rooms sizes and LAYOUT may change. Under construction. (id:56688)
Property Details
MLS: 1282874
Listing ID: 28065632
Address: 13 Villas Way, Conception Bay South, Newfoundland & Labrador, Canada A1X0M1
Status: Active
Last updated: 2 months ago ( Mar 24, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,250 square feet
Price per sq ft: $368
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.486191, -53.031345]
Listing ID: 28065632
Address: 13 Villas Way, Conception Bay South, Newfoundland & Labrador, Canada A1X0M1
Status: Active
Last updated: 2 months ago ( Mar 24, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,250 square feet
Price per sq ft: $368
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.486191, -53.031345]
Rooms
| Main level | Primary Bedroom Bedroom Dining room Kitchen Living room Porch | 13x12.4 null 11.9x10.8 null 11x16 null 10.10x16.2 null 17.5x14 null 6x5 null |
Basic Calculator
First Mortgage: $368,000
Mortgage insurance premium: $0
Total Financing: $368,000
Rough closing fee (1.5%): ~ $6,900
Total downpayment with estimated closing fee: $98,900
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,375 | $16,500 |
| Gross rental income (income/principal ratio) | 0.299% | 3.587% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $575 | $6,900 |
| Vacancy | $69 | $825 |
| Management Fee | $110 | $1,320 |
| Expense / Income Ratio | 41.82% | 41.82% |
| Cash Flow | $622 | $7,464 |
| Net Operating Income (NOI) | $622 | $7,464 |
| Capitalization Rate | 0.14% | 1.62% |
Capitalization Rate: 1.62%
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).): $657,143
