24 Gallants Street
Paradise, NL, A1L3C1
4 Beds | 3 Baths
$374,900
About the property (MLS: 1269875):
Paradise Awaits! In 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 bathroom and laundry. The lower level contains a third bedroom. The apartment has one bedroom with an open living room, dining room and kitchen. There is also a laundry area. (id:56688)
Property Details
MLS: 1269875
Listing ID: 26762098
Address: 24 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: 4
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,640 square feet
Price per sq ft: $229
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: 4
Rurl
Coordinates: [47.541679, -52.882471]
Listing ID: 26762098
Address: 24 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: 4
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,640 square feet
Price per sq ft: $229
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: 4
Rurl
Coordinates: [47.541679, -52.882471]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Bedroom | 4pcs 10.4x12 feet 12x10 feet 10x11 feet 9.6x10.8 feet |
| Main level | Bedroom Primary Bedroom Kitchen Living room | 10x10 feet 11.6x11.6 feet 10x12 feet 12x14 feet |
Basic Calculator
First Mortgage: $299,920
Mortgage insurance premium: $0
Total Financing: $299,920
Rough closing fee (1.5%): ~ $5,624
Total downpayment with estimated closing fee: $80,604
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,805 | $21,660 |
| Gross rental income (income/principal ratio) | 0.481% | 5.778% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $469 | $5,628 |
| Vacancy | $91 | $1,083 |
| Management Fee | $145 | $1,733 |
| Expense / Income Ratio | 25.98% | 25.98% |
| Cash Flow | $1,102 | $13,224 |
| Net Operating Income (NOI) | $1,102 | $13,224 |
| Capitalization Rate | 0.29% | 3.53% |
Capitalization Rate: 3.53%
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).): $535,572
