5 Avalia Drive
Flatrock, NL, A1C1C8
3 Beds | 3 Baths
$400,000
About the property (MLS: 1272667):
Welcome to 5 Avalia Drive, a fabulous property nestled in the picturesque town of Flatrock. This beautiful home sits on an expansive lot, offering plenty of space for an additional garage or gardening. Featuring four spacious bedrooms and 2.5 bathrooms, this home is perfect for families or those who love to entertain. The open-concept living area is filled with natural light, highlighting the homes beautiful finishes. The attached garage provides convenient parking and storage, while the undeveloped basement presents a fantastic opportunity to build equity and customize the space to your liking. Whether you envision a home theater, a fitness room, or additional living quarters, the possibilities are endless. With nothing to do but move in, this home is ready for you to start making memories. Don't miss out on the chance to own this exceptional property. (id:56688)
Property Details
Listing ID: 26949166
Address: 5 Avalia Drive, Flatrock, Newfoundland & Labrador, Canada A1C1C8
Status: Active
Last updated: 2 years ago ( May 27, 2024 )
Year Built: 2012
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Septic tank
Flooring: Hardwood, Carpeted, Other, Ceramic Tile
Living Area Total: 3,167 square feet
Price per sq ft: $127
Tax Annual Amount: $2,299
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Dishwasher, Alarm System
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Carpeted, Other, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 32
Rurl
Coordinates: [47.723585, -52.733067]
Rooms
| Main level | Not known Bath (# pieces 1-6) Laundry room Living room/Dining room Family room Eating area Kitchen | 19.1x19.9 feet 2 piece feet 7.5x9.4 feet Now Split feet 13.4x16.1 feet 12.7x11.11 feet 11.10x9.11 feet |
| Second level | Bedroom Bedroom Ensuite Primary Bedroom | 11.2x13.8 feet 10.10x12.10 feet 4piece feet 16.2x12.1 feet |
Basic Calculator
First Mortgage: $320,000
Mortgage insurance premium: $0
Total Financing: $320,000
Rough closing fee (1.5%): ~ $6,000
Total downpayment with estimated closing fee: $86,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,484 | $41,808 |
| Gross rental income (income/principal ratio) | 0.871% | 10.452% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $175 | $2,091 |
| Management Fee | $279 | $3,345 |
| Expense / Income Ratio | 14.35% | 14.35% |
| Cash Flow | $2,532 | $30,384 |
| Net Operating Income (NOI) | $2,532 | $30,384 |
| Capitalization Rate | 0.63% | 7.60% |
