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TelephoneEmail4 Prominence Street, Paradise, Newfoundland & Labrador, Canada A1L4M4

4 Prominence Street

Paradise, NL, A1L4M4

location

3 Beds | 2 Baths

$435,000

4 Prominence Street Paradise Newfoundland & Labrador Canada A1L4M4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
4 Prominence Street Paradise Newfoundland & Labrador Canada A1L4M4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
4 Prominence Street Paradise Newfoundland & Labrador Canada A1L4M4, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1279238):

CONSTRUCTION STARTED! Welcome to 4 Prominence Place located on a quiet cul de sac in beautiful Picco Ridge Subdivision in Paradise. This split entry home will have it all. Walk in through the main foyer and up over the stairs you will find pure open concept living. The kitchen offers ample cupboard space with a large center island, which opens up to your large living room. There are three bedrooms and a main bathroom on the main level with an ensuite with a stand up shower and a walk in closet off of the primary bedroom. The basement comes roughed in for an apartment and can be finished at an extra cost. This home is just getting started and can still be customized to your liking (please check to see what has been ordered). Allowances: Kitchen $14,000, Flooring $4400, Lighting $2500, Plumbing $1600. (id:56688)

Property Details
MLS: 1279238
Listing ID: 27613026
Address: 4 Prominence Street, Paradise, Newfoundland & Labrador, Canada A1L4M4
Status: Active
Last updated: a month ago ( Nov 4, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,043 square feet
Price per sq ft: $213
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.551141, -52.89203]

Rooms

Main level
Bedroom
Bedroom
Ensuite
Primary Bedroom
Bath (# pieces 1-6)
Kitchen
Living room
8.11 x 10.1 null
9.0 x 11.8 null
3PC null
12.0 x 14.2 null
3PC null
18.4 x 14.6 null
11.3 x 12.6 null

Basic Calculator



First Mortgage: $348,000

Mortgage insurance premium: $0

Total Financing: $348,000

Rough closing fee (1.5%): ~ $6,525

Total downpayment with estimated closing fee: $93,525

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$2,248$26,976
Gross rental income (income/principal ratio)0.517%6.201%
Mortgage$0$0
Monthly Expenses$544$6,528
Vacancy$113$1,349
Management Fee$180$2,159
Expense / Income Ratio24.20%24.20%
Cash Flow$1,412$16,944
Net Operating Income (NOI)$1,412$16,944
Capitalization Rate0.32%3.90%
Capitalization Rate: 3.90%
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).): $621,429