About this propertyMLS® 1304870
Welcome to Unit 103 at 11 Cedar Hill Place, an affordable, ground-floor, end-unit condo in ""The Cedars,"" built in 2023 in the sought-after River's Edge community of Southlands. MOVE-IN READY!. This lower ground-level unit features 2 bedrooms/1 bathroom, Basement has a large rec room with plenty of storage, 9' ceilings, and a beautiful contemporary design. This unit backs on to OPEN SPACE for added privacy. This condo is perfect for young professionals, first-time home buyers, investors, or downsizers. Explore the beautiful Grand Concourse trails of Southlands and enjoy quick access to shopping at Merchant Drive and The Shoppes at Galway. Only 10 minutes to downtown via Pitts Memorial Drive and 15 minutes to the east end via the Outer Ring Road. And for the golfers out there, Glendenning is only 2 minutes away. It also includes a Atlantic Home Warranty with 7 years left, 5'x12' pressure-treated deck and a shared storage unit. (id:56688)
Property details
Coordinates: [47.497231, -52.814658]
Rooms
| Basement | Recreation room | 15.9 x 20.6 null |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Dining nook Living room/Fireplace | 5.5 x 9.8 null 12.7 x 8.9 null 11.7 x 10.3 null 11.3 x 10.3 null 9.1 x 10.3 null 10.7 x 12.7 null |
Basic Calculator
First Mortgage: $311,920
Mortgage insurance premium: $0
Total Financing: $311,920
Rough closing fee (1.5%): ~ $5,849
Total downpayment with estimated closing fee: $83,829
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,334 | $16,008 |
| Gross rental income (income/principal ratio) | 0.342% | 4.106% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $488 | $5,856 |
| Vacancy | $67 | $801 |
| Management Fee | $107 | $1,281 |
| Expense / Income Ratio | 36.58% | 36.58% |
| Cash Flow | $673 | $8,076 |
| Net Operating Income (NOI) | $673 | $8,076 |
| Capitalization Rate | 0.17% | 2.07% |
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