For sale · MLS® 1303207
16 Tulip Ridge Boulevard
Paradise, NL, A1L4R1
List price
$509,900
About this propertyMLS® 1303207
Stop bidding on existing homes! Brand New Triplex Home – Built by Multi-Award Winning Builder, Eastwood Homes! Welcome to this stunning new construction triplex in highly sought-after new subdivision, Emerald Ridge in Paradise! This modern home is just seconds from Octagon Pond Elementary; your children can walk to school. Close to all essential amenities with beautiful walking trails on nearby Octagon Pond. Designed with a spacious open-concept main floor, this home offers a bright and inviting space perfect for modern living with a main floor great room, perfect for both family time and entertaining. Drive right into your attached garage and step into your beautiful new home. The primary bedroom is a true retreat, featuring a full ensuite with tile shower and a walk-in closet for added convenience. Extra thought, time and expense has gone into the adjoining walls to create better sound resistance. The lower level offers room for future family room/bedroom, and plumbed out for a 3-piece bath. Paved driveway, full landscaping, plus a 10 Year Atlantic New Home Warranty. Don’t miss out on this opportunity to own a brand new home! Purchase Price includes HST with Rebate assigned to the builder. (id:56688)
Property details
Coordinates: [47.522867, -52.890719]
Rooms
| Main level | Bath (# pieces 1-6) Not known Living room Eating area Kitchen | 2pc 4 x 4 null 9 x 11 null 9 x 11 null 11.6 x 14 null |
| Second level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom | 4pc 3pc 10.6 x 10.7 null 10.10 x 11.1 null 12 x 14.3 null |
Basic Calculator
First Mortgage: $407,920
Mortgage insurance premium: $0
Total Financing: $407,920
Rough closing fee (1.5%): ~ $7,649
Total downpayment with estimated closing fee: $109,629
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,074 | $24,888 |
| Gross rental income (income/principal ratio) | 0.407% | 4.881% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $638 | $7,656 |
| Vacancy | $104 | $1,245 |
| Management Fee | $166 | $1,992 |
| Expense / Income Ratio | 30.76% | 30.76% |
| Cash Flow | $1,167 | $14,004 |
| Net Operating Income (NOI) | $1,167 | $14,004 |
| Capitalization Rate | 0.23% | 2.75% |
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