For sale · MLS® 1301545
31 Church Road
Conception Bay South, NL, A1X7H1
List price
$150,000
About this propertyMLS® 1301545
Opportunity awaits in the heart of sought-after Foxtrap! Situated on a generous lot in an established neighbourhood, this property offers endless potential for buyers looking to renovate, invest, or create something entirely new. The existing home is in need of significant updates, making it an ideal project for those with a vision, while the spacious lot also presents an excellent opportunity for a future custom build, subject to municipal approvals. Conveniently located just minutes from schools, shopping, recreation, and highway access, this property combines a desirable location with outstanding potential. Whether you're searching for your next renovation project or the perfect place to build your dream home, this is a rare opportunity you won't want to miss. (id:56688)
Property details
Coordinates: [47.511488, -52.981175]
Rooms
| Main level | Bedroom Bedroom Bath (# pieces 1-6) Bedroom Living room Kitchen | 9 x 9 null 8 x 9 null B4 null 8 x 8 null 12 x 10 null 9 x 10 null |
Basic Calculator
First Mortgage: $120,000
Mortgage insurance premium: $0
Total Financing: $120,000
Rough closing fee (1.5%): ~ $2,250
Total downpayment with estimated closing fee: $32,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $786 | $9,432 |
| Gross rental income (income/principal ratio) | 0.524% | 6.288% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $188 | $2,256 |
| Vacancy | $40 | $472 |
| Management Fee | $63 | $755 |
| Expense / Income Ratio | 23.92% | 23.92% |
| Cash Flow | $496 | $5,952 |
| Net Operating Income (NOI) | $496 | $5,952 |
| Capitalization Rate | 0.33% | 3.97% |
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