81 Trenton Drive
Paradise, NL, A1L4B7
4 Beds | 4 Baths
$724,900
About the property (MLS: 1284513):
Welcome to your dream home! This stunning 2-storey home backing onto Octagon Pond is brought to you by award winning Viking Carpentry & Construction, the perfect setting for your new beginnings. This home has an open-concept layout that maximizes space and natural light. Featuring 3 bedrooms with primary including ensuite and walk-in closet on the second floor. The 1 bedroom basement apartment offers the potential to supplement your mortgage. (id:56688)
Property Details
MLS: 1284513
Listing ID: 28251851
Address: 81 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B7
Status: Active
Last updated: 18 days ago ( May 2, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,301 square feet
Price per sq ft: $316
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.525068, -52.889084]
Listing ID: 28251851
Address: 81 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B7
Status: Active
Last updated: 18 days ago ( May 2, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,301 square feet
Price per sq ft: $316
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.525068, -52.889084]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 4 pcs 10 x 10.6 null 10.8 x 11 null 5 pcs 15 x 12.8 null |
| Main level | Bath (# pieces 1-6) Living room Dining nook Kitchen | 2 pcs 13 x 12.8 null 11 x 9 null 11 x 11.6 null |
Basic Calculator
First Mortgage: $579,920
Mortgage insurance premium: $0
Total Financing: $579,920
Rough closing fee (1.5%): ~ $10,874
Total downpayment with estimated closing fee: $155,854
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,532 | $30,384 |
| Gross rental income (income/principal ratio) | 0.349% | 4.191% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $907 | $10,884 |
| Vacancy | $127 | $1,520 |
| Management Fee | $203 | $2,431 |
| Expense / Income Ratio | 35.82% | 35.82% |
| Cash Flow | $1,296 | $15,552 |
| Net Operating Income (NOI) | $1,296 | $15,552 |
| Capitalization Rate | 0.18% | 2.15% |
Capitalization Rate: 2.15%
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).): $1,035,572
