About the property (MLS: 1281056):
Beautiful 2 apartment bungalow in sought after Adam's Pond neighbourhood in Paradise. Situated on a corner lot with the convenience of 2 separate driveways. There is plenty of privacy and space for owners and tenants alike. This home is only 12 years old and in great condition. The main floor is spacious and open concept. It has a large kitchen, main floor laundry, and 3 bedrooms. The primary bedroom has a large walk in closet and en-suite with custom shower. In the basement you have a large family room and more storage space. The basement apartment has 2 bedrooms. It is bright and open and is currently leased to a great tenant at $1400. The upstairs is fully move in ready! As per sellers direction, no conveyance of any offers until 5pm on Sunday Feb 2nd 2025 and any offers to be left open until 9pm on the same date. Public Open House (for upstairs only) is February 2nd 2-4pm. Please ask agent about times for viewing apartment. (id:56688)
Property Details
Listing ID: 27857498
Address: 112 Acharya Drive, Paradise, Newfoundland & Labrador, Canada A1L4A4
Status: Active
Last updated: 11 days ago ( Feb 2, 2025 )
Year Built: 2014
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,641 square feet
Price per sq ft: $178
Tax Annual Amount: $3,142
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 46
Rurl
Coordinates: [47.537001, -52.894421]
Rooms
Basement | Not known Not known Not known Not known Family room | 9.10 X 14.00 null 9.70 X 18.70 null 8.10 X 9.00 null 15.10 X 11.00 null 10.80 X 23.60 null |
Main level | Bedroom Dining nook Primary Bedroom Bedroom Kitchen Living room | 8.11 X 10.90 null 11.20 X 9.00 null 12.60 X 11.10 null 8.11 X 11.30 null 15.80 X 11.60 null 11.20 X 14.00 null |
Basic Calculator
First Mortgage: $375,920
Mortgage insurance premium: $0
Total Financing: $375,920
Rough closing fee (1.5%): ~ $7,049
Total downpayment with estimated closing fee: $101,029
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,906 | $34,872 |
Gross rental income (income/principal ratio) | 0.618% | 7.421% |
Mortgage | $0 | $0 |
Monthly Expenses | $588 | $7,056 |
Vacancy | $146 | $1,744 |
Management Fee | $233 | $2,790 |
Expense / Income Ratio | 20.23% | 20.23% |
Cash Flow | $1,941 | $23,292 |
Net Operating Income (NOI) | $1,941 | $23,292 |
Capitalization Rate | 0.41% | 4.96% |