50 Gallants Street
Paradise, NL, A1L3C1
5 Beds | 4 Baths
$419,900
About the property (MLS: 1276700):
Paradise Awaits. Willowbanks subdivision. Just steps from Adam’s Pond and walking trails, this brand new, uniquely designed three bedroom split entry two story with a one bedroom apartment is presently under construction. There is an open living room, dining room and kitchen on the main floor as well as laundry and half bath. The second level has three bedrooms, including primary with ensuite and walk-in closet and another full bathroom. The spacious apartment has two bedrooms with an open living room, dining room and kitchen. There is also laundry and storage space. (id:56688)
Property Details
Listing ID: 27338632
Address: 50 Gallants Street, Paradise, Newfoundland & Labrador, Canada A1L3C1
Status: Active
Last updated: 15 days ago ( Aug 28, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 2,056 square feet
Price per sq ft: $205
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.54214, -52.883351]
Rooms
| Main level | Bath (# pieces 1-6) Kitchen Living room | 2pcs 14x12 null 11x15 null |
| Basement | Not known Bath (# pieces 1-6) Not known Not known Not known Dining room | 8x11.4 null 4pcs 10x10 null 8.8x11.4 null 14.5x11 null 11x7 null |
| Second level | Bedroom Bath (# pieces 1-6) Ensuite Bedroom Primary Bedroom | 9x10 null 4pcs 3pcs 9.5x10 null 12x14 null |
Basic Calculator
First Mortgage: $335,920
Mortgage insurance premium: $0
Total Financing: $335,920
Rough closing fee (1.5%): ~ $6,299
Total downpayment with estimated closing fee: $90,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,262 | $27,144 |
| Gross rental income (income/principal ratio) | 0.539% | 6.464% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $114 | $1,358 |
| Management Fee | $181 | $2,172 |
| Expense / Income Ratio | 23.21% | 23.21% |
| Cash Flow | $1,443 | $17,316 |
| Net Operating Income (NOI) | $1,443 | $17,316 |
| Capitalization Rate | 0.34% | 4.12% |
