12 Gallants Street
Paradise, NL, A1L3C1
5 Beds | 3 Baths
$384,900
About the property (MLS: 1269823):
Paradise Awaits. Willowbanks subdivision. Just steps from Adam’s Pond and walking trails, this brand new, uniquely designed three bedroom split entry bungalow with a two bedroom apartment is presently under construction. There is an open living room, dining room and kitchen on the main floor as well as two bedrooms, one with an ensuite and walk-in closet and another full bathroom. The lower level has a third bedroom and laundry area. The spacious apartment has two bedroom with an open living room, dining room and kitchen. There is also a laundry area. (id:56688)
Property Details
Listing ID: 26758255
Address: 12 Gallants Street, Paradise, Newfoundland & Labrador, Canada A1L3C1
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: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,914 square feet
Price per sq ft: $202
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.541071, -52.882411]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Bedroom | 4pcs 10x8.9 feet 9x10 feet 10x9.4 feet 10.8x11.6 feet 11x10.6 feet |
| Main level | Bath (# pieces 1-6) Ensuite Bedroom Primary Bedroom Kitchen Living room | 4pcs 3pcs 9.8x10 feet 13.4x11 feet 10x15.6 feet 12x15 feet |
Basic Calculator
First Mortgage: $307,920
Mortgage insurance premium: $0
Total Financing: $307,920
Rough closing fee (1.5%): ~ $5,774
Total downpayment with estimated closing fee: $82,754
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,106 | $25,272 |
| Gross rental income (income/principal ratio) | 0.547% | 6.566% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $482 | $5,784 |
| Vacancy | $106 | $1,264 |
| Management Fee | $169 | $2,022 |
| Expense / Income Ratio | 22.89% | 22.89% |
| Cash Flow | $1,351 | $16,212 |
| Net Operating Income (NOI) | $1,351 | $16,212 |
| Capitalization Rate | 0.35% | 4.21% |
