155 Three Island Pond Road
Paradise, NL, A1L2E6
2 Beds | 1 Bath
$349,900
About the property (MLS: 1272174):
Have you dreamt of living in the Topsail Pond/ Three Island Pond area? Here is your opportunity to live and customize this home on an amazing lot. House was well cared for over the years and now is the time for someone else to make their memories. The home features 2 bedrooms, a fully developed basement, a 20 x 30 2-storey garage with bonus room, and a large mature lot with plenty of trees. Located directly between Topsail and Three Island Pond this area is well known for its great recreational activities. (id:56688)
Property Details
MLS: 1272174
Listing ID: 26895907
Address: 155 Three Island Pond Road, Paradise, Newfoundland & Labrador, Canada A1L2E6
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1986
Property Type: Single Family
Structure Type: House
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Septic tank
Flooring: Laminate, Other
Fencing: Fence
Living Area Total: 1,200 square feet
Price per sq ft: $292
Tax Annual Amount: $1,400
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Well
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Number of photos available: 34
Rurl
Coordinates: [47.515252, -52.897194]
Listing ID: 26895907
Address: 155 Three Island Pond Road, Paradise, Newfoundland & Labrador, Canada A1L2E6
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1986
Property Type: Single Family
Structure Type: House
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Septic tank
Flooring: Laminate, Other
Fencing: Fence
Living Area Total: 1,200 square feet
Price per sq ft: $292
Tax Annual Amount: $1,400
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Well
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Number of photos available: 34
Rurl
Coordinates: [47.515252, -52.897194]
Rooms
| Other | Not known | 20 x 30 feet |
| Basement | Laundry room Den Recreation room | 11 x 8 feet 12x 11 feet 29.6 x 10 feet |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Not known Living room | 9 x 5 feet 9 x 8 feet 12 x 10 feet 14x9.5 feet 12.7 x 12 feet |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,320 | $15,840 |
| Gross rental income (income/principal ratio) | 0.377% | 4.527% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $66 | $792 |
| Management Fee | $106 | $1,268 |
| Expense / Income Ratio | 33.18% | 33.18% |
| Cash Flow | $711 | $8,532 |
| Net Operating Income (NOI) | $711 | $8,532 |
| Capitalization Rate | 0.20% | 2.44% |
Capitalization Rate: 2.44%
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).): $499,858
