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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
This versatile acreage is 9 acres with access to a great view of Sylvan Lake and Palm's Bay. Boat launching' and beach access are both available close by at the Palm's bay access road (Range Road 23). Another beach and boat access point is available a mile 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 a hot-tub. The wooded natural...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,220 sq ft
Lot Size392,040 sq ft
ZoningAG
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