For sale · MLS® 1303037
531 St. Thomas Line
Paradise, NL, A1L3T3
List price
$379,000
About this propertyMLS® 1303037
Welcome to 531 St. Thomas Line! Situated on a large piece of land in a quiet and private setting, this single-family home offers plenty of space, flexibility, and great income potential. The main level has seen several upgrades throughout, creating a fresh and comfortable living space, along with a brand-new mini-split for efficient heating and cooling year-round. The lower level features an in-law setup with its own separate entrance, offering added privacy and versatility for extended family, guests, or potential rental income. Outside, the property offers a spacious paved driveway with plenty of parking and an impressive amount of land to enjoy. Whether you’re looking for extra space for family or an opportunity to help offset your mortgage with additional income, 531 St. Thomas Line offers plenty of possibilities in a peaceful, private location. (id:56688)
Property details
Coordinates: [47.568895, -52.899199]
Rooms
| Lower level | Bath (# pieces 1-6) Utility room Bedroom Bedroom Recreation room Dining room Kitchen | 6.1 x 5 null 7 x 14.6 null 10.3 x 7.10 null 9.5 x 10.6 null 17.5 x 10.6 null 14.5 x 5.1 null 14.6 x 5.4 null |
| Main level | Bedroom Primary Bedroom Bath (# pieces 1-6) Laundry room Kitchen Dining room Living room | 16.2 x 9.11 null 16.1 x 9.7 null 4.11 x 9.5 null 7.7 x 9.11 null 12 x 9.4 null 8.3 x 9.5 null 15.5 x 13.4 null |
Basic Calculator
First Mortgage: $303,200
Mortgage insurance premium: $0
Total Financing: $303,200
Rough closing fee (1.5%): ~ $5,685
Total downpayment with estimated closing fee: $81,485
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,265 | $27,180 |
| Gross rental income (income/principal ratio) | 0.598% | 7.172% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $474 | $5,688 |
| Vacancy | $114 | $1,359 |
| Management Fee | $182 | $2,175 |
| Expense / Income Ratio | 20.93% | 20.93% |
| Cash Flow | $1,497 | $17,964 |
| Net Operating Income (NOI) | $1,497 | $17,964 |
| Capitalization Rate | 0.39% | 4.74% |
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