For sale · MLS® 1304856
281-283 Seal Cove Road
Conception Bay South, NL, A1X6R3
List price
$240,000
About this propertyMLS® 1304856
Beautiful ocean views and an expansive 116 x 358 ft. lot await in Seal Cove, Conception Bay South! Enjoy the home as it is, or live in the existing home while building your dream home on the lot (Subject to municipal approvals). This three bedroom, one bath home offers the opportunity to settle in comfortably and enjoy incredible ocean views from your window and the space of a large property. An extensive waterfront walking trail right outside your door makes it easy to enjoy the coastal setting. Surrounded by new development and featuring a brand-new 200-amp electrical panel, this property offers exciting possibilities for today and the future. (Property is being sold as is, where is). OPEN HOUSE Sunday, Nov 1st from 1–3 p.m. No conveyance of offers until Nov 2nd at 6pm. (id:56688)
Property details
Coordinates: [47.463149, -53.08635]
Rooms
| Main level | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Eat in kitchen | 7.5 X 4.7 null 7.9 X 7.6 null 10.7 X 8.3 null 11.2 X 10.6 null 14.2 X 10.7 null 16.8 X 13.3 null 16.8 X 11.10 null |
Basic Calculator
First Mortgage: $192,000
Mortgage insurance premium: $0
Total Financing: $192,000
Rough closing fee (1.5%): ~ $3,600
Total downpayment with estimated closing fee: $51,600
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,210 | $14,520 |
| Gross rental income (income/principal ratio) | 0.504% | 6.050% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $300 | $3,600 |
| Vacancy | $61 | $726 |
| Management Fee | $97 | $1,162 |
| Expense / Income Ratio | 24.79% | 24.79% |
| Cash Flow | $753 | $9,036 |
| Net Operating Income (NOI) | $753 | $9,036 |
| Capitalization Rate | 0.31% | 3.77% |
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