For sale · MLS® 1298472
286 Lanark Drive
Paradise, NL, A1L4L8
List price
$616,305
About this propertyMLS® 1298472
Construction is set to begin on this 2 apartment home 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, a large master bedroom with ensuite & walk-in closet, plus 2 other nice sized bedrooms.....the basement offers a finished family room plus a registered 2-bedroom apartment for added income. Comes completed with a 10 x 12 patio deck, front & back eavestrough, front lanscaping & Paved driveway. 8-year Lux home warranty. Located next to walking trails, playground, schools and all other amenities. (id:56688)
Property details
Coordinates: [47.534213, -52.883523]
Rooms
| Lower level | Laundry room Family room Bath (# pieces 1-6) Not known Not known Not known Not known | 6.6 x 14.0 null 11.0 x 19.0 null 4 Pcs null 10.0 x 9.7 null 10.0 x 9.0 null 10.0 x 12.8 null 10.0 x 12.8 null |
| Main level | Ensuite Bedroom Bedroom Primary Bedroom Living room Kitchen | 4pcs 9.0 x 9.10 null 9.0 x 9.8 null 12.6 x 11.0 null 11.0 x 14.0 null 11.0 x 17.0 null |
Basic Calculator
First Mortgage: $493,044
Mortgage insurance premium: $0
Total Financing: $493,044
Rough closing fee (1.5%): ~ $9,245
Total downpayment with estimated closing fee: $132,506
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,409 | $28,908 |
| Gross rental income (income/principal ratio) | 0.391% | 4.691% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $771 | $9,252 |
| Vacancy | $121 | $1,446 |
| Management Fee | $193 | $2,313 |
| Expense / Income Ratio | 32.00% | 32.00% |
| Cash Flow | $1,325 | $15,900 |
| Net Operating Income (NOI) | $1,325 | $15,900 |
| Capitalization Rate | 0.21% | 2.58% |
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