44 QUANTUM Drive
PARADISE, NL, A1L0W3
3 Beds | 2 Baths
$419,900
About the property (MLS: 1267507):
CONSTRUCTION IS SET TO BEGIN ON THIS 3 BEDROOM 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.....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
MLS: 1267507
Listing ID: 26481354
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: 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: $204
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: [47.540742, -52.890718]
Listing ID: 26481354
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: 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: $204
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: [47.540742, -52.890718]
Rooms
| Main level | Eating area Living room Kitchen Ensuite Laundry room Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Foyer | 10.11 X 13.5 feet 13.5 X 10.11 feet 18.8 X14.0 feet 6.9 X 5.8 feet 5.8 X 3.6 feet 5.8 X 8.1 feet 11.4 X 9.0 feet 11.5 X 9.0 feet 14.2 X 12.2 feet 7.6 X 8.0 feet |
| Basement | Not known | 19.3 x 23.4 feet |
Basic Calculator
First Mortgage: $335,920
Mortgage insurance premium: $0
Total Financing: $335,920
Rough closing fee (1.5%): ~ $6,299
Total downpayment with estimated closing fee: $90,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,268 | $27,216 |
| Gross rental income (income/principal ratio) | 0.540% | 6.482% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $114 | $1,361 |
| Management Fee | $182 | $2,178 |
| Expense / Income Ratio | 23.15% | 23.15% |
| Cash Flow | $1,449 | $17,388 |
| Net Operating Income (NOI) | $1,449 | $17,388 |
| Capitalization Rate | 0.35% | 4.14% |
Capitalization Rate: 4.14%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $599,858
