About this propertyMLS® 1304294
Situated on a large lot in Seal Cove, CBS. This property offers plenty of potential for buyers looking for affordable living or an investment opportunity. Purchase the home for personal use, a rental, or remove the existing home and explore the potential for subdivision, subject to municipal approvals. Recent updates include a new furnace in the last 12 months, and a new roof in the last 5 years. The home was built in 1974, part mobile home with a built on extension. Property is being sold as is, and all measurements are approximate and should be verified by the purchaser. Shed in pictures lies beyond the property boundary, and is not included in the sale. (id:56688)
Property details
Coordinates: [47.46574, -53.073365]
Rooms
| Main level | Other Other | 28 x 30 null 12 x 30 null |
Basic Calculator
First Mortgage: $143,920
Mortgage insurance premium: $0
Total Financing: $143,920
Rough closing fee (1.5%): ~ $2,699
Total downpayment with estimated closing fee: $38,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,320 | $15,840 |
| Gross rental income (income/principal ratio) | 0.734% | 8.805% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $225 | $2,700 |
| Vacancy | $66 | $792 |
| Management Fee | $106 | $1,268 |
| Expense / Income Ratio | 17.05% | 17.05% |
| Cash Flow | $924 | $11,088 |
| Net Operating Income (NOI) | $924 | $11,088 |
| Capitalization Rate | 0.51% | 6.16% |
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