260 Three Island Pond Road
Paradise, NL, A1L2E7
3 Beds | 3 Baths
$819,000
About the property (MLS: 1276120):
Beautiful home sitting on Three Island Pond with it's own private dock. This 2 1/2 storey consists of 3 bedrooms, 2 and a 1/2 baths, formal dining room with beautiful kitchen including granite tops. A must see. (id:56688)
Property Details
MLS: 1276120
Listing ID: 27315752
Address: 260 Three Island Pond Road, Paradise, Newfoundland & Labrador, Canada A1L2E7
Status: Active
Last updated: 10 days ago ( Aug 27, 2024 )
Year Built: 1997
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 2.5
Number of Levels: 2.5
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Septic tank
Flooring: Mixed Flooring
Living Area Total: 2,866 square feet
Price per sq ft: $286
Tax Annual Amount: $3,550
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher
Water Source: Drilled Well, Lake/River Water Intake
Foundation Details: Concrete Slab
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.513807, -52.895809]
Listing ID: 27315752
Address: 260 Three Island Pond Road, Paradise, Newfoundland & Labrador, Canada A1L2E7
Status: Active
Last updated: 10 days ago ( Aug 27, 2024 )
Year Built: 1997
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 2.5
Number of Levels: 2.5
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Septic tank
Flooring: Mixed Flooring
Living Area Total: 2,866 square feet
Price per sq ft: $286
Tax Annual Amount: $3,550
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher
Water Source: Drilled Well, Lake/River Water Intake
Foundation Details: Concrete Slab
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.513807, -52.895809]
Rooms
| Main level | Laundry room Bath (# pieces 1-6) Storage Family room Bedroom | 5 x 8 null 3 pcs 10 x 6 null 11.5 x 20.11 null 11.4 x 19 null |
| Third level | Bedroom Bath (# pieces 1-6) Bedroom | 15.6 x 11.4 null 4 pcs 20.8 x 15.6 null |
| Second level | Living room Kitchen Dining room Den | 13.7 x 24 null 11.5 x 21.6 null 11.6 x 14.6 null 15 x 11.10 null |
Basic Calculator
First Mortgage: $655,200
Mortgage insurance premium: $0
Total Financing: $655,200
Rough closing fee (1.5%): ~ $12,285
Total downpayment with estimated closing fee: $176,085
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,153 | $37,836 |
| Gross rental income (income/principal ratio) | 0.385% | 4.620% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,024 | $12,288 |
| Vacancy | $158 | $1,892 |
| Management Fee | $253 | $3,027 |
| Expense / Income Ratio | 32.48% | 32.48% |
| Cash Flow | $1,720 | $20,640 |
| Net Operating Income (NOI) | $1,720 | $20,640 |
| Capitalization Rate | 0.21% | 2.52% |
Capitalization Rate: 2.52%
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).): $1,170,000
