44 QUANTUM Drive
PARADISE, NL, A1L0W3
3 Beds | 2 Baths
$464,900
About the property (MLS: 1267508):
CONSTRUCTION IS SET TO BEGIN ON THIS 2 APARTMENT ( APARTMENT IS ALL ABOVE GROUND ) home on a quiet street in ADAMS POND BY DMP CONTRACTING...FEATURES OF THIS HOME INCLUDE LARGE FOYER, OPEN CONCEPT KITCHEN WITH ISLAND, LARGE LIVING ROOM, CROWN MOLDINGS ON MAIN AREA, MAIN FLOOR LAUNDRY, LARGE MASTER BEDROOM WITH ENSUITE & WALK IN CLOSET, PLUS 2 OTHER BEDROOMS.....BASEMENT OFFERS A CHOICE OF FINISHED FAMILY ROOM PLUS A REGISTERED 1 BEDROOM APARTMENT OR A 2 BEDROOM REGISTERED APARTMENT FOR ADDED INCOME. HOME COMES COMPLETE WITH 10 x 12 PATIO DECK, FRONT & BACK EAVESTROUGH, FRONT LANSCAPING & DOUBLE PAVED DRIVEWAY. 8 YEAR NEW HOME WARRANTY. LOCATED NEXT TO WALKING TRAILS, PLAYGROUND AND ALL OTHER AMENITIES. (id:56688)
Property Details
Listing ID: 26481353
Address: 44 QUANTUM Drive, PARADISE, Newfoundland & Labrador, Canada A1L0W3
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2024
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood
Living Area Total: 2,061 square feet
Price per sq ft: $226
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Hardwood
Exterior Features: Cedar shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.540598, -52.890567]
Rooms
| Main level | Primary Bedroom Foyer Living room Kitchen Eating area Ensuite Bath (# pieces 1-6) Laundry room Bedroom Bedroom | 14.2 X 12.2 feet 7.6 X 8.0 feet 13.5 X 10.11 feet 18.8 X14.0 feet 10.11 X 13.5 feet 6.9 X 5.8 feet 5.8 X 8.1 feet 5.8 X 3.6 feet 11.4 X 9.0 feet 11.5 X 9.0 feet |
| Basement | Living room Kitchen Laundry room Bedroom Family room Not known | 13.4 X 9.0 feet 13.4 X 9.0 feet 4.0 X 4.6 feet 10.6 X 10.0 feet 11.9 X 10.11 feet 19.3 x 23.4 feet |
Basic Calculator
First Mortgage: $371,920
Mortgage insurance premium: $0
Total Financing: $371,920
Rough closing fee (1.5%): ~ $6,974
Total downpayment with estimated closing fee: $99,954
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,268 | $27,216 |
| Gross rental income (income/principal ratio) | 0.488% | 5.854% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $582 | $6,984 |
| Vacancy | $114 | $1,361 |
| Management Fee | $182 | $2,178 |
| Expense / Income Ratio | 25.66% | 25.66% |
| Cash Flow | $1,392 | $16,704 |
| Net Operating Income (NOI) | $1,392 | $16,704 |
| Capitalization Rate | 0.30% | 3.59% |
