41 Quantum Drive
Paradise, NL, A1L0V6
5 Beds | 3 Baths
$489,900
About the property (MLS: 1269077):
Beautiful split entry design with a 2 bedroom basement apartment. The main unit features 3 bedrooms, 2 baths, open concept main floor, rec-room for main unit & garage. The master will feature a walk-in closet & ensuite. The 2 bedroom apartment will be grade level with all windows being above grade for a bright living space. This is a Great Location in the Adams Pond (Lanark Dr) area and a wonderful area for families with Holy Family Elementary just a minutes drive away. Also, the beautiful Adams Pond walking trail is just a few steps from the front door. (id:56688)
Property Details
Listing ID: 26667448
Address: 41 Quantum Drive, Paradise, Newfoundland & Labrador, Canada A1L0V6
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Ceramic Tile
Living Area Total: 2,208 square feet
Price per sq ft: $222
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Laminate, Carpeted, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.540485, -52.89138]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known Not known Recreation room | 4pc 10 X 14.11 feet 11.8 X 9.6 feet 8.8 X 14.11 feet 9.4 X 8.10 feet 11.8 X 11.5 feet |
| Other | Not known | 17.5 X 17.3 feet |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Living room Kitchen Dining room | 4pc 9.11 X 9.11 feet 9.10 X 9.11 feet 4pc 13.6 X 11.5 feet 12.4 X 13.10 feet 14.1 X 11.9 feet 16.2 X 7.4 feet |
Basic Calculator
First Mortgage: $391,920
Mortgage insurance premium: $0
Total Financing: $391,920
Rough closing fee (1.5%): ~ $7,349
Total downpayment with estimated closing fee: $105,329
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,429 | $29,148 |
| Gross rental income (income/principal ratio) | 0.496% | 5.950% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $613 | $7,356 |
| Vacancy | $122 | $1,458 |
| Management Fee | $195 | $2,332 |
| Expense / Income Ratio | 25.24% | 25.24% |
| Cash Flow | $1,501 | $18,012 |
| Net Operating Income (NOI) | $1,501 | $18,012 |
| Capitalization Rate | 0.31% | 3.68% |
