128 Acharya Drive
Paradise, NL, A1L4A4
4 Beds | 4 Baths
$439,800
About the property (MLS: 1276660):
Welcome to 128 Acharya Drive! Located in a popular Paradise neighbourhood, this bungalow presents a prime opportunity to own a move in ready home with a mortgage helping apartment below or add a fabulous property to your investment portfolio. The main floor features a modern, open concept design with a bright and spacious living room, and kitchen boasting dark wood cabinets. The main floor also includes 2 well appointed bedrooms and main bathroom, with the primary bedroom including an ensuite. Downstairs you'll find a secondary family room that could easily be used as a third bedroom, along with a half bathroom. The attached garage is perfect for added storage space. The 2 bedroom basement apartment is ideal to supplement your mortgage and keep more money in your pocket while owning a beautiful home. Outside, the fenced backyard offers a fantastic place to play or entertain. Situated in a family friendly neighbourhood, this property would make a great place to call home. (id:56688)
Property Details
Listing ID: 27334656
Address: 128 Acharya Drive, Paradise, Newfoundland & Labrador, Canada A1L4A4
Status: Active
Last updated: 16 days ago ( Aug 27, 2024 )
Year Built: 2013
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Fencing: Fence
Living Area Total: 2,400 square feet
Price per sq ft: $184
Tax Annual Amount: $2,866.76
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 36
Rurl
Coordinates: [47.53647, -52.893613]
Rooms
| Main level | Not known Laundry room Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Kitchen Living room/Dining room Porch | 14x19 null 8.6x6 null 8x6 null 10.6x8.8 null 8.6x6 null 14x11 null 12x11 null 26x12 null 8x6 null |
| Basement | Porch Not known Not known Not known Not known Not known Family room Bath (# pieces 1-6) | 5x4 null 8x7 null 14x8 null 13x11 null 14x12 null 15x12 null 13x12 null 2PC null |
Basic Calculator
First Mortgage: $351,840
Mortgage insurance premium: $0
Total Financing: $351,840
Rough closing fee (1.5%): ~ $6,597
Total downpayment with estimated closing fee: $94,557
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,640 | $31,680 |
| Gross rental income (income/principal ratio) | 0.600% | 7.203% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $550 | $6,600 |
| Vacancy | $132 | $1,584 |
| Management Fee | $212 | $2,535 |
| Expense / Income Ratio | 20.83% | 20.83% |
| Cash Flow | $1,747 | $20,964 |
| Net Operating Income (NOI) | $1,747 | $20,964 |
| Capitalization Rate | 0.40% | 4.77% |
