3 A Reardon Avenue
Paradise, NL, A1L3M1
3 Beds | 2 Baths
$649,900
About the property (MLS: 1285750):
WILL BUILD TO SUIT! This well appointed bungalow suits on an oversized lot in Paradise and offers 3 bedrooms and almost 1,600 sqft of living space, as well as an attached, double car garage! (id:56688)
Property Details
MLS: 1285750
Listing ID: 28391634
Address: 3 A Reardon Avenue, Paradise, Newfoundland & Labrador, Canada A1L3M1
Status: Active
Last updated: 19 days ago ( Jun 2, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: Bungalow
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
Living Area Total: 3,180 square feet
Price per sq ft: $205
Tax Annual Amount: $0
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Baseboard heaters, Electric
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.552998, -52.894212]
Listing ID: 28391634
Address: 3 A Reardon Avenue, Paradise, Newfoundland & Labrador, Canada A1L3M1
Status: Active
Last updated: 19 days ago ( Jun 2, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: Bungalow
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
Living Area Total: 3,180 square feet
Price per sq ft: $205
Tax Annual Amount: $0
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Baseboard heaters, Electric
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.552998, -52.894212]
Rooms
| Main level | Not known Mud room Laundry room Bath (# pieces 1-6) Not known Ensuite Bedroom Bedroom Primary Bedroom Living room Dining nook Kitchen | 20x21 null 6x7 null 7x7'6 null 6x8'6 null 7x7 null 6x12'6 null 10x12 null 10x12 null 12'6x14 null 14'6x14 null 11x13'6 null 14x10 null |
Basic Calculator
First Mortgage: $519,920
Mortgage insurance premium: $0
Total Financing: $519,920
Rough closing fee (1.5%): ~ $9,749
Total downpayment with estimated closing fee: $139,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,499 | $41,988 |
| Gross rental income (income/principal ratio) | 0.538% | 6.461% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $813 | $9,756 |
| Vacancy | $175 | $2,100 |
| Management Fee | $280 | $3,360 |
| Expense / Income Ratio | 23.24% | 23.24% |
| Cash Flow | $2,232 | $26,784 |
| Net Operating Income (NOI) | $2,232 | $26,784 |
| Capitalization Rate | 0.34% | 4.12% |
Capitalization Rate: 4.12%
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).): $928,429
