About the property (MLS: 1270004):
This modern and sweet 2 apartment home is being built by Blueprint Homes in Paradise and features 2 spacious bedrooms on the main and 2 full washrooms (one is the ensuite in the master bedroom), a nice bright kitchen with an 8ft island, living and dining areas along with an in-house garage and 10x12 patio on the back. The bright ground level apartment has 1 bedroom with a closet, a full washroom, a laundry closet, a coat closet and a a spacious kitchen with open concept dining and living areas. This is a fabulous neighborhood with many amenities close by - shopping, the walking trail around Adam's Pond, schools and the rec. centre plus a playground across the street. With generous allowances, R-50 insulation and beautiful trimwork - this home is perfect for anyone looking for a place to call home with an added bonus of an income generating apartment. This home will be ready late Fall 2024. (id:56688)
Property Details
Listing ID: 26776401
Address: 27 Quantum Drive, Paradise, Newfoundland & Labrador, Canada A1L0V6
Status: Active
Last updated: a day ago ( Nov 5, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 1,999 square feet
Price per sq ft: $236
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: Baseboard heaters, Electric
Flooring: Other
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 19
Rurl
Coordinates: [47.539971, -52.890536]
Rooms
Lower level | Not known Bath (# pieces 1-6) Bedroom Living room Dining nook Not known | 12x17.8 null 6.9x8.8 null 10.8x11.5 null 13.3x11.9 null 6.1x10.3 null 11.4x10.3 null |
Main level | Bath (# pieces 1-6) Ensuite Bedroom Primary Bedroom Living room Dining room Kitchen | 5.1x7.10 null 5.5x9.5 null 13.5x9.2 null 12.2x13 null 11.4x16.8 null 11.8x8 null 11.8x11.11 null |
Basic Calculator
First Mortgage: $375,920
Mortgage insurance premium: $0
Total Financing: $375,920
Rough closing fee (1.5%): ~ $7,049
Total downpayment with estimated closing fee: $101,029
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,199 | $26,388 |
Gross rental income (income/principal ratio) | 0.468% | 5.616% |
Mortgage | $0 | $0 |
Monthly Expenses | $588 | $7,056 |
Vacancy | $110 | $1,320 |
Management Fee | $176 | $2,112 |
Expense / Income Ratio | 26.74% | 26.74% |
Cash Flow | $1,326 | $15,912 |
Net Operating Income (NOI) | $1,326 | $15,912 |
Capitalization Rate | 0.28% | 3.39% |