For sale · MLS® 1299845
40 COLORADO Street
Paradise, NL, A1L4L8
List price
$623,000
About this propertyMLS® 1299845
Construction is set to begin on this BEAUTIFUL FULLY DEVELOPED 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, main floor laundry, a large master bedroom with ensuite & walk-in closet, plus 2 other nice sized bedrooms.....The basement offers a FINISHED FAMILY ROOM, BATHROOM AND BEDROOM PLUS DOUBLE IN HOUSE GARAGE....Comes completed with a 10 x 12 patio deck where you have an AMAZING UNOBSTRUCTED VIEW OF TOPSAIL POND & THREE ISLAND POND, , front & back eavestrough, front landscaping & double paved driveway. 8-year Lux home warranty. Located next to walking trails, playground, schools and all other amenities . (id:56688)
Property details
Coordinates: [47.520169, -52.896489]
Rooms
| Lower level | Bath (# pieces 1-6) Bedroom Bedroom Office Family room | 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: $498,400
Mortgage insurance premium: $0
Total Financing: $498,400
Rough closing fee (1.5%): ~ $9,345
Total downpayment with estimated closing fee: $133,945
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,133 | $25,596 |
| Gross rental income (income/principal ratio) | 0.342% | 4.109% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $779 | $9,348 |
| Vacancy | $107 | $1,280 |
| Management Fee | $171 | $2,048 |
| Expense / Income Ratio | 36.52% | 36.52% |
| Cash Flow | $1,077 | $12,924 |
| Net Operating Income (NOI) | $1,077 | $12,924 |
| Capitalization Rate | 0.17% | 2.07% |
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