For sale · MLS® 1298471
18 Knightsbridge Place
Paradise, NL, A1L4L8
List price
$625,487
About this propertyMLS® 1298471
Construction is set to begin on this 2 apartment home on a quiet Cul De Sac by DMP Contracting. This home will feature a large foyer, open concept kitchen with an island, a large living room, crown moldings on the main area, main floor laundry, a large master bedroom with ensuite & walk-in closet, plus 2 other nice sized bedrooms.....The basement offers a 2-bedroom registered apartment for added income. Comes completed with a 10 x 12 patio deck, front & back eavestrough, front lanscaping & double paved driveway. 8-year Lux home warranty. Located next to walking trails, playground, schools and all other amenities. (id:56688)
Property details
Coordinates: [47.534085, -52.879387]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known Not known | 4 Pcs null 9.6 x 10 null 9 x 10 null 9.9 x 14 null 10 x 14 null |
| Main level | Ensuite Bedroom Bedroom Primary Bedroom Living room Kitchen | 4pcs 8.6 x 9 null 9 x 10 null 12.8 x 13 null 11 x 14 null 14 x18 null |
Basic Calculator
First Mortgage: $500,390
Mortgage insurance premium: $0
Total Financing: $500,390
Rough closing fee (1.5%): ~ $9,383
Total downpayment with estimated closing fee: $134,481
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,133 | $25,596 |
| Gross rental income (income/principal ratio) | 0.341% | 4.092% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $782 | $9,384 |
| Vacancy | $107 | $1,280 |
| Management Fee | $171 | $2,048 |
| Expense / Income Ratio | 36.66% | 36.66% |
| Cash Flow | $1,074 | $12,888 |
| Net Operating Income (NOI) | $1,074 | $12,888 |
| Capitalization Rate | 0.17% | 2.06% |
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