58 Elizabeth Drive
Paradise, NL, A1L1E4
3 Beds | 2 Baths
$279,000
About the property (MLS: 1279291):
** Owners are motivated to sell *** If you're looking for a 3 bedroom, 2 bath home in a central location in a family oriented neighborhood, close to shopping, schools and more, check out this property. It offers a spacious kitchen with stainless steel appliances, centre island and large built in cabinet, open to the dining area. French doors from the dining area and from the main hallway lead to the spacious living room with hardwood floors. The upper level has a primary bedroom with hardwood floors, plus 2 other bedrooms with laminate floors. All bedrooms have ceiling fans. A full bath completes this level. The lower level has a large family room with great space for multipurpose uses. There's also a full bath with shower on this level. Step down into the laundry room, then check out the unfinished basement area which offers great storage. The rear yard is private and has a walking trail behind it. The home does require some immediate fixes but has great potential for someone willing to take on a few projects. The dishwasher was installed in 2022, the washer and dryer are only 1 year old and a new HRV was installed in 2023. (id:56688)
Property Details
Listing ID: 27614524
Address: 58 Elizabeth Drive, Paradise, Newfoundland & Labrador, Canada A1L1E4
Status: Active
Last updated: 14 days ago ( Nov 27, 2024 )
Year Built: 1981
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: Hardwood, Laminate, Other, Mixed Flooring
Living Area Total: 2,105 square feet
Price per sq ft: $133
Tax Annual Amount: $2,114
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Other, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 42
Rurl
Coordinates: [47.538552, -52.841955]
Rooms
| Basement | Storage Storage | 7.7 X 11.5 null 11.4 X 25.5 null |
| Lower level | Laundry room Bath (# pieces 1-6) Family room | 6.9 X 13.6 null 6.5 X 7.3 null 17.7 X 24.11 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 4.11 X 8.11 null 8.10 X 13.4 null 8.11 X 13.4 null 11 X 12.10 null |
| Main level | Living room Dining room Kitchen | 14.1 X 16.9 null 8.11 X 11.1 null 11 X 11.9 null |
Basic Calculator
First Mortgage: $223,200
Mortgage insurance premium: $0
Total Financing: $223,200
Rough closing fee (1.5%): ~ $4,185
Total downpayment with estimated closing fee: $59,985
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,316 | $27,792 |
| Gross rental income (income/principal ratio) | 0.830% | 9.961% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $349 | $4,188 |
| Vacancy | $116 | $1,390 |
| Management Fee | $186 | $2,224 |
| Expense / Income Ratio | 15.07% | 15.07% |
| Cash Flow | $1,666 | $19,992 |
| Net Operating Income (NOI) | $1,666 | $19,992 |
| Capitalization Rate | 0.60% | 7.17% |
