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2230 Rainy Creek Road Highway , Rural Lacombe County, AB
$985,000
Residential · MLS® A23031972Bedrooms
2Bathrooms
1,220Sq Ft
4Garage
1987Year Built
02 / Overview
PROPERTY OVERVIEW
Versatile acreage, 9 acres with access and a view of Sylvan Lake at Palm's Bay, or range road 23 & Rainy Creek Road. Boat launching' and beach access are both available close by at Palm's bay access road (Range Road 23). Another beach and boat access point is available a mile away, to the east, at Sunbreaker Cove. Other recreation features on this beautiful acreage include the horse-shoe pits, a fire pit, a gold fish pond, and a deck with...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,220 sq ft
Lot Size392,040 sq ft
ZoningCRA
HeatingHot Water • Natural Gas
CoolingNone
ParkingRV Garage
ExteriorFire Pit • Private Yard
BasementNone
Year Built1987
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$2,160After mortgage & expenses
Cap Rate1.8%Based on market rents
Cash on Cash Return-13.2%With 20% down payment
Est. Monthly Rent$2,235Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Vic Maxwell · Royal LePage Tamarack Trail Realty