About the property (MLS: 1268355):
Contemporary two storey plan overlooking the town of Paradise with potential for a 1 bed, 1 bath basement apartment. This 3 bed, 3 bath family home has a great open concept main floor layout with family room, kitchen and dining with access to the rear patio (raised for optimal views), half bath and mudroom off the attached garage. The 2nd floor has the master bedroom at the back of the house with a full ensuite & walk-in closet, 2 additional bedrooms and another full bath. The basement will include plumbing rough-in for a buyer to convert to a registered two-apartment (builder will quote to have this finished prior to closing if requested) or wide open for a recroom, bathroom, storage and 4th bedroom. The exterior will have black trimmed windows, fresh white siding with vertical board and batten accents, double paved driveway and front landscaping included. Allowances for kitchen, cabinets, flooring and lighting will be $32,000 (HST inc). Purchase price includes HST with rebate back to the builder. (All pictures are sample pictures from a previous build). (id:56688)
Property Details
Listing ID: 26581987
Address: 29 Brittany Drive, Paradise, Newfoundland & Labrador, Canada A1L0E4
Year Built: 2024
Property Type: Single Family
Architectural Style: 2 Level
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating Type: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Area: 2,175 square feet
Price per sq ft: $217
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Number of photos available: 26
Coordinates: [47.532723, -52.902503]
Basic Calculator
First Mortgage: $375,920
Mortgage insurance premium: $0
Total Financing: $375,920
Rough closing fee (1.5%): ~ $7,049
Total downpayment with estimated closing fee: $101,029
Investment Calculator:
Monthly | Yearly | ||
---|---|---|---|
Gross Revenue | $2,393 | $28,716 | |
Gross rental income (income/principal ratio) | 0.509% | 6.111% | |
Mortgage | $0 | $0 | |
Monthly Expenses | $588 | $7,056 | |
Vacancy | $120 | $1,436 | |
Management Fee | $192 | $2,298 | |
Expense / Income Ratio | 24.57% | 24.57% | |
Cash Flow | $1,494 | $17,928 | |
Net Operating Income (NOI) | $1,494 | $17,928 | |
Capitalization Rate | 0.32% | 3.82% |