
About the property (MLS: 1281921):
Beautiful split entry design with a 2 bedroom basement apartment. The main unit features 3 bedrooms, 2 baths, open concept main floor, rec-room for main unit & in-house garage. The master will feature a walk-in closet & ensuite. The 2 bedroom apartment will have grade level entry for easy accessibility. This is a Great Location in the Adams Pond (Lanark Dr) area and a wonderful area for families with Holy Family Elementary just a minutes drive away. Also, the beautiful Adams Pond walking trail is just a few steps from the front door. (id:56688)
Property Details
MLS: 1281921
Listing ID: 27935143
Address: 74 Rembrandt Boulevard, Paradise, Newfoundland & Labrador, Canada A1L0W3
Status: Active
Last updated: a month ago ( Feb 20, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 2,212 square feet
Price per sq ft: $245
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.539294, -52.889166]
Listing ID: 27935143
Address: 74 Rembrandt Boulevard, Paradise, Newfoundland & Labrador, Canada A1L0W3
Status: Active
Last updated: a month ago ( Feb 20, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 2,212 square feet
Price per sq ft: $245
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.539294, -52.889166]
Rooms
Lower level | Bath (# pieces 1-6) Not known Not known Living room Not known Not known | 4pc 9.5 x 8.10 null 11.10 x 9.6 null 12.11 x 8.8 null 12.11 x 10.2 null 17.5 x 17.3 null |
Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Dining room Kitchen Living room | 4pc 9.11 x 9.11 null 9.11 x 9.11 null 4pc 13.6 x 11.5 null 14.1 x 7.11 null 13.10 x 11 null 14 x 12.4 null |
Basic Calculator
First Mortgage: $431,920
Mortgage insurance premium: $0
Total Financing: $431,920
Rough closing fee (1.5%): ~ $8,099
Total downpayment with estimated closing fee: $116,079
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,434 | $29,208 |
Gross rental income (income/principal ratio) | 0.451% | 5.410% |
Mortgage | $0 | $0 |
Monthly Expenses | $675 | $8,100 |
Vacancy | $122 | $1,461 |
Management Fee | $195 | $2,337 |
Expense / Income Ratio | 27.73% | 27.73% |
Cash Flow | $1,443 | $17,316 |
Net Operating Income (NOI) | $1,443 | $17,316 |
Capitalization Rate | 0.27% | 3.21% |
Capitalization Rate: 3.21%
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).): $771,286