222 Eco Drive
Whitbourne, NL, A1X7P3
2 Beds | 2 Baths
$333,500
About the property (MLS: 1286989):
Another stunning country living recreational cottage to be built on a mature lot in Goose Pond Properties New Eco-Flat development located in Whitbourne, just 45 minutes from St. John's NL. Slab on grade Cottage/Home could be your relaxing retreat, or a home away from home. It's an open concept design, great for your entertainment. (id:56688)
Property Details
MLS: 1286989
Listing ID: 28519423
Address: 222 Eco Drive, Whitbourne, Newfoundland & Labrador, Canada A1X7P3
Status: Active
Last updated: 5 months ago ( Jun 25, 2025 )
Year Built: 2025
Property Type: Recreational
Architectural Style: Bungalow
Structure Type: Recreational
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Septic tank
Flooring: Mixed Flooring
Living Area Total: 902 square feet
Price per sq ft: $370
Tax Annual Amount: $1,025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Drilled Well
Foundation Details: Concrete Slab
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.5, -52.998751]
Listing ID: 28519423
Address: 222 Eco Drive, Whitbourne, Newfoundland & Labrador, Canada A1X7P3
Status: Active
Last updated: 5 months ago ( Jun 25, 2025 )
Year Built: 2025
Property Type: Recreational
Architectural Style: Bungalow
Structure Type: Recreational
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Septic tank
Flooring: Mixed Flooring
Living Area Total: 902 square feet
Price per sq ft: $370
Tax Annual Amount: $1,025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Drilled Well
Foundation Details: Concrete Slab
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.5, -52.998751]
Rooms
| Main level | Not known Ensuite Bath (# pieces 1-6) Bedroom Primary Bedroom Mud room Living room/Dining room Kitchen | 4.11x2.5 null 3pc 3pc 10.0x9.11 null 12.0x10.5 null 8.1x4.10 null 15.6x14.0 null 14.0x9.0 null |
Basic Calculator
First Mortgage: $266,800
Mortgage insurance premium: $0
Total Financing: $266,800
Rough closing fee (1.5%): ~ $5,003
Total downpayment with estimated closing fee: $71,703
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $993 | $11,916 |
| Gross rental income (income/principal ratio) | 0.298% | 3.573% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $417 | $5,004 |
| Vacancy | $50 | $596 |
| Management Fee | $80 | $954 |
| Expense / Income Ratio | 41.99% | 41.99% |
| Cash Flow | $447 | $5,364 |
| Net Operating Income (NOI) | $447 | $5,364 |
| Capitalization Rate | 0.13% | 1.61% |
Capitalization Rate: 1.61%
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).): $476,429
