242 Elizabeth Drive
Paradise, NL, A1L0N1
3 Beds | 3 Baths
$625,000
About the property (MLS: 1277613):
Beautiful NEW 3-bedroom 2-storey home now available in Elizabeth Park! Enjoy over 2200sqft of developed main and second floor space, an attached 410sqft garage, plus a large basement that allows extra room for future development. Ideally located - close to schools, recreation, and shopping! Finish your new home to your specifications, with the following allowances included: Cabinets ($16,000), Flooring ($18,000), Fixtures ($4000), Custom Shower (in Primary Ensuite) ($7500), Mini Split ($4000), and Closets ($3000). List price includes a 750sqft asphalt driveway, front and rear landscaping, upgraded colored vinyl siding, upgraded low E Argon Energy Star tan color windows, hardwood stairs, and a 12x12 rear deck. The above listed allowances and list price include HST. (id:56688)
Property Details
Listing ID: 27441372
Address: 242 Elizabeth Drive, Paradise, Newfoundland & Labrador, Canada A1L0N1
Status: Active
Last updated: 15 days ago ( Sep 19, 2024 )
Year Built: 2024
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Living Area Total: 3,088 square feet
Price per sq ft: $203
Tax Annual Amount: $0
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Exterior Features: Wood shingles, Stone, Vinyl siding
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.540582, -52.826213]
Rooms
| Second level | Bath (# pieces 1-6) Ensuite Laundry room Bedroom Bedroom Primary Bedroom | 5.6x9.3 null 5.8x11.3 null 10.9x5 null 13.2x12 null 13.2x14.6 null 18.8x12.4 null |
| Main level | Not known Dining room Kitchen Family room | 18.6x20 null 7.5x13.5 null 14.8x13.5 null 18x13.7 null |
Basic Calculator
First Mortgage: $500,000
Mortgage insurance premium: $0
Total Financing: $500,000
Rough closing fee (1.5%): ~ $9,375
Total downpayment with estimated closing fee: $134,375
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,397 | $40,764 |
| Gross rental income (income/principal ratio) | 0.544% | 6.522% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $782 | $9,384 |
| Vacancy | $170 | $2,039 |
| Management Fee | $272 | $3,262 |
| Expense / Income Ratio | 23.02% | 23.02% |
| Cash Flow | $2,174 | $26,088 |
| Net Operating Income (NOI) | $2,174 | $26,088 |
| Capitalization Rate | 0.35% | 4.17% |
