22 Robs Road
Paradise, NL, A1L2V3
3 Beds | 1 Bath
$224,900
About the property (MLS: 1281073):
If you are looking for an investment property, flip or your very first home then you will want to check this out! Located on a quiet street in Paradise on a mature lot, this home has so much potential! This 3 bedroom, 1 bath home is the perfect place to continue to rent or make your own and move in! There have been upgrades that include new vinyl windows and flooring and a combination of pex and copper plumbing throughout the home. Book your own privte viewing today! (id:56688)
Property Details
MLS: 1281073
Listing ID: 27820984
Address: 22 Robs Road, Paradise, Newfoundland & Labrador, Canada A1L2V3
Status: Active
Last updated: 2 months ago ( Jan 20, 2025 )
Year Built: 1970
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 1,133 square feet
Price per sq ft: $199
Tax Annual Amount: $1,500
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: Block
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.544174, -52.884761]
Listing ID: 27820984
Address: 22 Robs Road, Paradise, Newfoundland & Labrador, Canada A1L2V3
Status: Active
Last updated: 2 months ago ( Jan 20, 2025 )
Year Built: 1970
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 1,133 square feet
Price per sq ft: $199
Tax Annual Amount: $1,500
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: Block
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.544174, -52.884761]
Rooms
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Living room Kitchen | 4 pcs 7.05 x 7.05 null 11.06 x 9.11 null 10.0 x 7.10 null 17.03 x 9.10 null 9.10 x 20.6 null |
Basic Calculator
First Mortgage: $179,920
Mortgage insurance premium: $0
Total Financing: $179,920
Rough closing fee (1.5%): ~ $3,374
Total downpayment with estimated closing fee: $48,354
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,247 | $14,964 |
| Gross rental income (income/principal ratio) | 0.554% | 6.654% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $282 | $3,384 |
| Vacancy | $63 | $749 |
| Management Fee | $100 | $1,198 |
| Expense / Income Ratio | 22.61% | 22.61% |
| Cash Flow | $803 | $9,636 |
| Net Operating Income (NOI) | $803 | $9,636 |
| Capitalization Rate | 0.36% | 4.28% |
Capitalization Rate: 4.28%
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).): $321,286
