For sale · MLS® 1303076
14 Alma Avenue
Paradise, NL, A1L4G9
List price
$574,900
About this propertyMLS® 1303076
A Paradise Home Like no Other!!! Beautiful, bright, modern home near No Frills, Sobeys, Dollar Store etc. Close to all main thoroughfares (Topsail Rd, Kenmount Rd, and TCH), this house features a three-bedroom main floor with a modern, open-concept kitchen and living room, main bath, full ensuite in the master bedroom, with walk-in closet. It has birch hardwood flooring throughout, built-in speakers, crown moulding, pot-lights, a 10 X 10 deck, attached garage, a partially-fenced backyard, and four-car parking. It is located in a desired area that’s walking distance to the shopping district, schools, town hall, rec centre, dog park, and sports facilities. As well, it is a five-minute walk to both the Octagon and Neils Pond walking trails. It also has a smartly-designed, beautiful, modern, above-ground entry two-bedroom basement apartment that is now being rented. Home has enjoyed several upgrages like Shed, Installation of 3 Mini Splits across the main and apartment units. It contains all stainless steel appliances upstairs and down. It is a must-see to fully appreciate it. (id:56688)
Property details
Coordinates: [47.526946, -52.865721]
Rooms
| Main level | Bath (# pieces 1-6) Laundry room Bedroom Living room Ensuite Bedroom Primary Bedroom Kitchen | 7.9 x 5.9 null 6.5 x 5.9 null 9.10 x 8.11 null 17.8 x 11.11 null 6.5 x 6.10 null 12.3 x 9.11 null 127 x 12.11 null 13.0 x 12.0 null |
| Lower level | Storage | 8.8 x 6.4 null |
Basic Calculator
First Mortgage: $459,920
Mortgage insurance premium: $0
Total Financing: $459,920
Rough closing fee (1.5%): ~ $8,624
Total downpayment with estimated closing fee: $123,604
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,592 | $31,104 |
| Gross rental income (income/principal ratio) | 0.451% | 5.410% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $719 | $8,628 |
| Vacancy | $130 | $1,556 |
| Management Fee | $208 | $2,489 |
| Expense / Income Ratio | 27.74% | 27.74% |
| Cash Flow | $1,537 | $18,444 |
| Net Operating Income (NOI) | $1,537 | $18,444 |
| Capitalization Rate | 0.27% | 3.21% |
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