45 Quantum Drive
Paradise, NL, A1L0W2
5 Beds | 3 Baths
$437,195
About the property (MLS: 1277493):
**PRE-SALE** Wonderful 2-Apartment home located in a beautiful Paradise neighbourhood. (id:56688)
Property Details
MLS: 1277493
Listing ID: 27419831
Address: 45 Quantum Drive, Paradise, Newfoundland & Labrador, Canada A1L0W2
Status: Active
Last updated: 18 days ago ( Sep 16, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 1,976 square feet
Price per sq ft: $222
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.540788, -52.891671]
Listing ID: 27419831
Address: 45 Quantum Drive, Paradise, Newfoundland & Labrador, Canada A1L0W2
Status: Active
Last updated: 18 days ago ( Sep 16, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 1,976 square feet
Price per sq ft: $222
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.540788, -52.891671]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Laundry room | 3pc 9.6 x 8.5 null 10.7 x 9.10 null 11.1 x 12.9 null 12.10 x 9.10 null 17.8 x 18.9 null 8.11 x 4.3 null |
| Main level | Bedroom Bedroom Ensuite Primary Bedroom Living room Kitchen | 8.9 x 10.4 null 8.10 x 10.4 null 3pc 12.9 x 11.10 null 15.7 x 17.10 null 15.5 x 11.7 null |
Basic Calculator
First Mortgage: $349,756
Mortgage insurance premium: $0
Total Financing: $349,756
Rough closing fee (1.5%): ~ $6,558
Total downpayment with estimated closing fee: $93,997
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,174 | $26,088 |
| Gross rental income (income/principal ratio) | 0.497% | 5.967% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $547 | $6,564 |
| Vacancy | $109 | $1,305 |
| Management Fee | $174 | $2,088 |
| Expense / Income Ratio | 25.16% | 25.16% |
| Cash Flow | $1,345 | $16,140 |
| Net Operating Income (NOI) | $1,345 | $16,140 |
| Capitalization Rate | 0.31% | 3.69% |
Capitalization Rate: 3.69%
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).): $624,565
