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101 24508 Twp Rd 361 , Rural Red Deer County, AB

$597,500

Residential · MLS® A2286774
3Bedrooms
1Bathrooms
1,045Sq Ft
2Garage
1980Year Built
02 / Overview

PROPERTY OVERVIEW

AFFORDABLE LAKEFRONT! Welcome to your slice of waterfront paradise at beautiful Pine Lake — offering a million-dollar view over the lake and rolling countryside at an affordable price. This immaculate 3-bedroom bungalow-style modular home is perfectly positioned to capture all-day sun with its desirable south-facing exposure. Enjoy year-round comfort with propane heat, private septic, and a reliable water system — including an excellent 100-ft well producing 40 GPM. Situated on an extra-large 0.23-acre lot, this property offers...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeManufactured House
Total Finished Area1,045 sq ft
Lot Size10,018 sq ft
ZoningR6 - Residential
HeatingForced Air • Propane
CoolingNone
ParkingOff Street
ExteriorDock • Private Yard
BasementNone
Year Built1980
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$718After mortgage & expenses
Cap Rate3.0%Based on market rents
Cash on Cash Return-7.2%With 20% down payment
Est. Monthly Rent$1,979Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

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Needs Review
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Dusty Smith · Royal LePage Network Realty Corp.