About this propertyMLS® 1303005
Welcome modern living in Emerald Ridge, ideally located on a quiet street in the Paradise area just minutes to Octagon Pond Elementary and close to beautiful walking trails. These thoughtfully designed triplexes offer a spacious open concept layout with quality features and plenty of room for your family to grow. Modern kitchen with centre island, convenient pantry, deck off kitchen leading to a 10 x 10 patio deck and half bath on the main floor. The second floor includes a large primary bedroom with walk in closet, ensuite with a walk-in shower, plus there are two other bedrooms, full bathroom and laundry to complete this level. Extra time and expense have gone into the adjoining walls to create better sound resistance. The lower level offers room for future family room and plumbed for 3 pc bath. Paved driveway, full landscaping, plus a 10-year Atlantic New Home Warranty. Purchase price includes HST with rebate assigned to the builder. (id:56688)
Property details
Coordinates: [47.522313, -52.890695]
Rooms
| Second level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom | 4 PC null 4 PC null 12 x 14 null 12 x 14 null 16 x 11 null |
| Main level | Bath (# pieces 1-6) Kitchen Living room Foyer | 2 PC null 19 x 15 null 19.6 x 14 null 6 x 5.6 null |
Basic Calculator
First Mortgage: $419,920
Mortgage insurance premium: $0
Total Financing: $419,920
Rough closing fee (1.5%): ~ $7,874
Total downpayment with estimated closing fee: $112,854
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,614 | $31,368 |
| Gross rental income (income/principal ratio) | 0.498% | 5.976% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $657 | $7,884 |
| Vacancy | $131 | $1,569 |
| Management Fee | $210 | $2,510 |
| Expense / Income Ratio | 25.13% | 25.13% |
| Cash Flow | $1,618 | $19,416 |
| Net Operating Income (NOI) | $1,618 | $19,416 |
| Capitalization Rate | 0.31% | 3.70% |
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