About this propertyMLS® 1302507
Welcome to 31 Worrall Crescent atPark21, one of the hottest developments ever seen in the Mount Pearl real estate market. This beautiful Condo-Townhome is located on a quiet dead end street and fully surrounded by permanent greenbelts, is close to walking trails, coffee shops, restaurants, and strategically positioned nearby the Team Gushue Highway extension creating a very convenient location. This home is a beautiful blend of modern design quality finishes, and built to high construction standards including ICF walls (upgraded concrete wall product) instead of the common wooden wall separation. The basement has been recent finished and the quality matches the main and 2nd story! The low condo fee covers snow clearing, lawn care, etc. creating an ultra convenient home ownership experience. (id:56688)
Property details
Coordinates: [47.519206, -52.782746]
Rooms
| Basement | Storage Bath (# pieces 1-6) Laundry room Recreation room | 4x8 null 4pc 8x12 null 14x17 null |
| Second level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 3pc 4pc 8.7x9.4 null 9.1x9.6 null 12x12.4 null |
| Main level | Porch Dining nook Living room Kitchen | 4x7 null 9x10 null 12.7x12.11 null 9x10 null |
Basic Calculator
First Mortgage: $300,000
Mortgage insurance premium: $0
Total Financing: $300,000
Rough closing fee (1.5%): ~ $5,625
Total downpayment with estimated closing fee: $80,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,882 | $22,584 |
| Gross rental income (income/principal ratio) | 0.502% | 6.022% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $469 | $5,628 |
| Vacancy | $95 | $1,130 |
| Management Fee | $151 | $1,807 |
| Expense / Income Ratio | 24.92% | 24.92% |
| Cash Flow | $1,169 | $14,028 |
| Net Operating Income (NOI) | $1,169 | $14,028 |
| Capitalization Rate | 0.31% | 3.74% |
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