For sale · MLS® 1293288
11 Point Road
Virgin Arm, NL, A0G1P0
List price
$49,900
About this propertyMLS® 1293288
Prime Investment Alert! Immediate Cash Flow Opportunity! This is your chance to acquire a turnkey rental property and enter the real estate investment market with confidence! Located in a desirable area, this property is poised to deliver outstanding returns from day one. Key Investment Highlights: Instant Income: The property includes a long-standing, reliable tenant who wishes to remain, ensuring immediate, uninterrupted rental income and returning capital from the moment of closing. Expansion Potential: Don't just settle for one unit! A dedicated (approximately 300 downstairs with potential on the second floor) storage area is situated beside the existing apartment. This space was originally slated for conversion into a second rental unit (e.g., a studio or 1-bedroom suite). This offers a clear path to significantly boosting your ROI through future value-add development (subject to municipal approvals). Hassle-Free Transition: Benefit from an established tenancy, eliminating the time and expense of marketing, screening, and initial leasing. Don't miss out on this exceptional chance to secure a cash-flowing asset with built-in potential for future revenue growth. (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Foyer Family room Kitchen Bath (# pieces 1-6) Bedroom | 5 x 11 ft 8.5 x 17.6 ft 10 x 7 ft 3 x 12 ft 6 x 10 ft |
The essentials
Location, air, flood & taxes
Elevation
13 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
$-63
NOI / month
$-63
Cap rate
-1.52%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $20 | $240 |
| Expenses | $43 | $516 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-63 | $-756 |
| NOI | $-63 | $-756 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
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Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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