1543 Topsail Road Unit#6
Paradise, NL, A1L1R3
2 Beds | 1 Bath
$164,000
About the property (MLS: 1276495):
Everything you need all on one level with maintenance free living. This ground level condo features open concept kitchen & living room, 2 bedrooms and laundry. As an added bonus, there has been a new hot water tank installed. The unit has a designated parking space, right in front of your entrance and visitor parking. Condo fees are $392.62 mthly. (id:56688)
Property Details
MLS: 1276495
Listing ID: 27319665
Address: 1543 Topsail Road Unit#6, Paradise, Newfoundland & Labrador, Canada A1L1R3
Status: Active
Last updated: 21 days ago ( Aug 22, 2024 )
Year Built: 1990
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile
Lot Size Area: 16072
Living Area Total: 720 square feet
Price per sq ft: $228
Tax Annual Amount: $1,698
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove, Microwave, Oven - Built-In
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Hardwood, Ceramic Tile
Exterior Features: Other
Common Interest: Condo/Strata
Association Fee: 392.62
Number of photos available: 10
Rurl
Coordinates: [47.531352, -52.864805]
Listing ID: 27319665
Address: 1543 Topsail Road Unit#6, Paradise, Newfoundland & Labrador, Canada A1L1R3
Status: Active
Last updated: 21 days ago ( Aug 22, 2024 )
Year Built: 1990
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile
Lot Size Area: 16072
Living Area Total: 720 square feet
Price per sq ft: $228
Tax Annual Amount: $1,698
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove, Microwave, Oven - Built-In
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Hardwood, Ceramic Tile
Exterior Features: Other
Common Interest: Condo/Strata
Association Fee: 392.62
Number of photos available: 10
Rurl
Coordinates: [47.531352, -52.864805]
Rooms
| Main level | Laundry room Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Kitchen | Full null Full null 12.4 x 9 null 12.2 x 10 null 13 x 14 null 10 x 8.5 null |
Basic Calculator
First Mortgage: $131,200
Mortgage insurance premium: $0
Total Financing: $131,200
Rough closing fee (1.5%): ~ $2,460
Total downpayment with estimated closing fee: $35,260
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $793 | $9,516 |
| Gross rental income (income/principal ratio) | 0.484% | 5.802% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $205 | $2,460 |
| Vacancy | $40 | $476 |
| Management Fee | $64 | $762 |
| Expense / Income Ratio | 25.85% | 25.85% |
| Cash Flow | $485 | $5,820 |
| Net Operating Income (NOI) | $485 | $5,820 |
| Capitalization Rate | 0.30% | 3.55% |
Capitalization Rate: 3.55%
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).): $234,286
