For sale · MLS® 1293297
8 Point Road
Virgin Arm, NL, A0G1P0
List price
$69,900
About this propertyMLS® 1293297
Investment Gold: Turnkey 3-Bedroom Home with Instant Cash Flow! Attention investors! Secure a highly desirable, well-kept 3-bedroom rental that delivers exceptional returns from day one. This property is a testament to solid maintenance and offers strong tenant appeal, making it a truly resilient investment. Key Investment & Property Features: Immediate Capital Flow: The unit is occupied by reliable, long-standing tenants who wish to remain, ensuring a seamless acquisition and guaranteed, uninterrupted income immediately upon closing. High-Demand Rental: The 3-bedroom configuration is a prime market segment, attracting stable, long-term tenants (families or groups) and commanding competitive rental rates. Tenant Appeal & Comfort: Tenants benefit from the cozy efficiency of wood heat, supplemented by reliable baseboard electric—a popular and cost-effective heating solution. Condition: The property is described as well kept, indicating pride of ownership and minimizing immediate maintenance concerns for the investor. Unique Bonus Amenity: A versatile outdoor wood shed/man cave provides extra storage and flexible space, adding significant value and appeal to the current tenant. Investment Highlight: This is a fantastic ""set-it-and-forget-it"" investment. It's a cash-flowing asset where the heavy lifting (finding and keeping tenants) is already done. Start earning immediately! Don't miss this chance to add a stable, high-yield asset to your portfolio. (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Family room Kitchen Bedroom Dining room Foyer | 7.3 x 9.2 ft 7.4 x 8.9 ft 7.4 x 10 ft 12.6 x 11.5 ft 11.4 x 12 ft 10 x 9.4 ft 6.8 x 11.6 ft 6.2 x 9.2 ft |
The essentials
Location, air, flood & taxes
Elevation
10 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Property tax
$240 / year
≈ $20 / month
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$20/mo
Principal & interest $0 + property tax $20 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-88
NOI / month
$-88
Cap rate
-1.51%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $20 | $240 |
| Expenses | $68 | $816 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-88 | $-1,056 |
| NOI | $-88 | $-1,056 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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