For sale · MLS® 1302210
289 Paradise Road
Paradise, NL, A1L3B2
List price
$419,900
About this propertyMLS® 1302210
Construction has started on this Paradise Road home with a spacious lot, an insulated concrete party wall and a view of Adam's Pond. This contemporary home has an open concept main floor with 1/2 bath, pantry and access to a rear patio deck. The upper level has three bedrooms with an ensuite and a walk in closet off the primary bedroom and an upstairs laundry. The unfinished basement is your blank canvas to create a rec room. extra bedroom and bathroom and is grade level entry at the rear. This home comes with Goodfellow vinyl plank flooring, quality berber carpeted stairs ,IKEA kitchen, 12 potlights as well as a lighting allowance. The exterior is completed with a covered entry, paved parking and full landscaping. LUX warranty is included. HST is included in the list price and any rebate is to be assigned to the vendor upon closing. (id:56688)
Property details
Coordinates: [47.542747, -52.885015]
Rooms
| Second level | Bedroom Bedroom Primary Bedroom | 10.8x10.2 null 13.1x9.6 null 12.11x12.3 null |
| Main level | Bath (# pieces 1-6) Not known Kitchen Living room | 8x5.7 null 8x6.8 null 18.5x13.2 null 13.7x12.6 null |
Basic Calculator
First Mortgage: $335,920
Mortgage insurance premium: $0
Total Financing: $335,920
Rough closing fee (1.5%): ~ $6,299
Total downpayment with estimated closing fee: $90,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,089 | $25,068 |
| Gross rental income (income/principal ratio) | 0.497% | 5.970% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $105 | $1,254 |
| Management Fee | $168 | $2,006 |
| Expense / Income Ratio | 25.13% | 25.13% |
| Cash Flow | $1,293 | $15,516 |
| Net Operating Income (NOI) | $1,293 | $15,516 |
| Capitalization Rate | 0.31% | 3.70% |
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