$267,000

345 Bayshore DR, Bathurst, NB, E2A 6A5

QuickQuote^TM: $255K - $310K

MLS® # NB104484

2+0 Beds

1 Bath

500 FEETSQ sqft

MULTIMEDIA

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Property Information:

Searching for a Beach front property? Look no further - This property boasts its own private, beachfront lot safeguarded by a 15-foot concrete breakwater wall which is reinforced with rocks, complete with an integrated concrete deck and stairs leading directly to the beach. Enjoy breathtaking panoramic views of the Bay of Chaleur. Conveniently situated within Bathurst city limits, this property offers year-round road access, full city services and a lot size of approximately 85 feet of coastline frontage by 175 feet deep to the street. The property includes a two-bedroom, four-season cottage that sits on a four-foot, insulated concrete foundation. Also included is a cedar storage shed.. This oceanfront gem offers endless recreational possibilities and stunning views throughout the year. Don't miss out on your chance to own a piece of paradise on Carron Point Beach. Many renovations and upgrades through the years. There could be a discount of approximately $30,000 for a buyer if they decide to build new. The cottage and shed can easily be moved as it was successfully relocated in 2005. Call your favorite Realtor for more details. Seller requests minimum 48 hours notice for showings.

Building Features:

Floor Space: 500 Square Feet
Total Finished Area: 500 Square Feet

Property Features:

Bedrooms: 2+0
Bathrooms: 1+0
Built in: 1974
Driveway: Gravel
Exterior: Vinyl
Floor Space (approx): 500 Square Feet
Flooring: Carpet, Cushion
Foundation Basement: Concrete, Crawl
Heating Cooling: Baseboard, Electric
Interior Features: Single-Level Living, Upgraded Insulation
Land Features: Beach, Cleared, Cul-de-sac, Level, Partial Landscaped
Property Size: Under 0.5 Acres
Property Style: Bungalow-Raised
Roof: Asphalt Shingle
Title To Land: Freehold
Water Front Features: Beach, Breakwater, Water Frontage, Waterfront: Ocean
Water: Municipal

Rooms:

Other Main Level 5.87 m x 3.78 m Note: Kitchen Dining room
Bathroom Main Level
Bedroom Main Level 1.88 m x 2.34 m
Bedroom Main Level 2.29 m x 3.43 m

Convert Measurement to:

Courtesy of: Keller Williams Capital Realty

Data provided by: Greater Moncton REALTORS® du Grand Moncton 541 St. George Blvd., Moncton, New Brunswick E1E 2B6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Potential Investment Performance

Cumulative ROI

131.7%

Cumulative Market Appreciation

$73,767

Net Operating Income in Year 5

$15,326

Cash on Cash Return in Year 5

2.6%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$53,400
Mortgage Amount	$213,600
Mortgage Payment %	$1,108

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$1,590

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$474
Net Operating Income	$1,116

Debt Service
Mortgage Payment	$1,108

Net Cash Flow	$8

Cap Rate

5.02%

Acquistion Costs

Down Payment $53,400

Land Transfer Tax $0

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $55,400

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$53,400	-	-	-	-	-	-	-	-	-
Closing Costs	$2,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,323	$3,483	$3,650	$3,826	$4,009	$4,202	$4,404	$4,616	$4,838	$5,070
Total	$58,723	$3,483	$3,650	$3,826	$4,009	$4,202	$4,404	$4,616	$4,838	$5,070
Cash Invested	$58,723	$62,206	$65,857	$69,683	$73,692	$77,895	$82,300	$86,916	$91,754	$96,825

Rental Cash Flows
Rent and other income	$19,090	$19,663	$20,252	$20,860	$21,486	$22,130	$22,794	$23,478	$24,183	$24,908
Operating Expenses	-$5,690	-$5,829	-$5,972	-$6,119	-$6,269	-$6,423	-$6,582	-$6,744	-$6,910	-$7,081
Mortgage Payment	-$13,299	-$13,299	-$13,299	-$13,299	-$13,299	-$13,299	-$13,299	-$13,299	-$13,299	-$13,299
Net Cash Flow	$100	$533	$980	$1,441	$1,917	$2,407	$2,913	$3,434	$3,973	$4,527

Returns
Property Price Appreciation	$13,350	$14,017	$14,718	$15,454	$16,227	$17,038	$17,890	$18,784	$19,724	$20,710
Mortgage Paydown	$3,323	$3,483	$3,650	$3,826	$4,009	$4,202	$4,404	$4,616	$4,838	$5,070
Net Cash Flow	$100	$533	$980	$1,441	$1,917	$2,407	$2,913	$3,434	$3,973	$4,527
Total Return	$16,773	$18,034	$19,349	$20,721	$22,154	$23,648	$25,208	$26,836	$28,535	$30,308
Cumulative Return	$16,773	$34,808	$54,157	$74,879	$97,033	$120,682	$145,890	$172,726	$201,261	$231,570

Investment Metrics
Cumulative ROI	28.6%	56.0%	82.2%	107.5%	131.7%	154.9%	177.3%	198.7%	219.3%	239.2%
Cash On Cash	0.2%	0.9%	1.5%	2.1%	2.6%	3.1%	3.5%	4.0%	4.3%	4.7%