About the property (MLS: 1272752):
CONSTRUCTION IS SET TO BEGIN ON THIS 2 APARTMENT ( APARTMENT IS ALL ABOVE GROUND ) home on a quiet street BY DMP CONTRACTING...FEATURES OF THIS HOME INCLUDE LARGE FOYER, OPEN CONCEPT KITCHEN WITH ISLAND, LARGE LIVING ROOM, CROWN MOLDINGS ON MAIN AREA, MAIN FLOOR LAUNDRY, LARGE MASTER BEDROOM WITH ENSUITE & WALK IN CLOSET, PLUS 2 OTHER BEDROOMS.....BASEMENT OFFERS A CHOICE OF FINISHED FAMILY ROOM PLUS A REGISTERED 1 BEDROOM APARTMENT OR A 2 BEDROOM REGISTERED APARTMENT FOR ADDED INCOME. HOME COMES COMPLETE WITH 10 x 12 PATIO DECK, FRONT & BACK EAVESTROUGH, FRONT LANSCAPING & DOUBLE PAVED DRIVEWAY. 8 YEAR NEW HOME WARRANTY. LOCATED NEXT TO WALKING TRAILS, PLAYGROUND, DOUBLE ICE SURFACE, SCHOOLS AND ALL OTHER AMENITIES. (id:56688)
Property Details
Listing ID: 26952496
Address: 31 HARTLAND Avenue, PARADISE, Newfoundland & Labrador, Canada A1L0V2
Status: Active
Last updated: 5 months ago ( Jun 10, 2024 )
Year Built: 2024
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood
Living Area Total: 1,939 square feet
Price per sq ft: $227
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Hardwood
Exterior Features: Cedar shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.530776, -52.877873]
Rooms
Basement | Living room Kitchen Laundry room Bedroom Bedroom Not known | 13.4 X 9.0 null 19.0 X 12.8 null 4.0 X 4.6 null 10.0 X 9.0 null 10.0 X 9.6 null 17.6 X 20.4 null |
Main level | Eating area Ensuite Bath (# pieces 1-6) Laundry room Bedroom Bedroom Primary Bedroom Foyer Living room Kitchen | 10.11 X 13.5 null 6.9 X 5.8 null 5.8 X 8.1 null 5.8 X 3.6 null 9.0 10.0 null 9.0 X 8.6 null 12.8 X 13.0 null 7.6 X 8.0 null 11.0 X 14.0 null 18.0 X 14.0 null |
Basic Calculator
First Mortgage: $351,920
Mortgage insurance premium: $0
Total Financing: $351,920
Rough closing fee (1.5%): ~ $6,599
Total downpayment with estimated closing fee: $94,579
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,133 | $25,596 |
Gross rental income (income/principal ratio) | 0.485% | 5.819% |
Mortgage | $0 | $0 |
Monthly Expenses | $550 | $6,600 |
Vacancy | $107 | $1,280 |
Management Fee | $171 | $2,048 |
Expense / Income Ratio | 25.79% | 25.79% |
Cash Flow | $1,306 | $15,672 |
Net Operating Income (NOI) | $1,306 | $15,672 |
Capitalization Rate | 0.30% | 3.56% |