About this propertyMLS® 1303379
Brand new modern 3-bedroom, 2-bath split-entry home under construction on a large lot with beautiful ocean views of Conception Bay. Enjoy the opportunity to choose your interior finishes and make this home truly your own. The main floor features a bright, open-concept kitchen, dining, and living area, a spacious front porch, and a 10x10 rear patio overlooking Conception Bay. The primary bedroom includes a private ensuite. The fully finished basement adds exceptional versatility, featuring a one-bedroom apartment, along with a separate recreation room and laundry area in the main living space. Whether you're looking for additional living space, rental income, or room for guests and family, this layout offers plenty of options. The property is completed with a double paved driveway and front landscaping. (id:56688)
Property details
Coordinates: [47.507139, -52.964742]
Rooms
| Lower level | Laundry room Recreation room Bedroom Not known Not known | 11.8x6 null 16.3x13.9 null 10.4x10.4 null 14.3x11.8 null 10.10x11.8 null |
| Main level | Porch Bedroom Living room Bedroom Primary Bedroom Kitchen | 6x9 null 9.5x9.5 null 10.9x13.3 null 9.5x9.5 null 11.1x14.1 null 15.3x12 null |
Basic Calculator
First Mortgage: $479,920
Mortgage insurance premium: $0
Total Financing: $479,920
Rough closing fee (1.5%): ~ $8,999
Total downpayment with estimated closing fee: $128,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,449 | $29,388 |
| Gross rental income (income/principal ratio) | 0.408% | 4.899% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $750 | $9,000 |
| Vacancy | $123 | $1,470 |
| Management Fee | $196 | $2,352 |
| Expense / Income Ratio | 30.62% | 30.62% |
| Cash Flow | $1,381 | $16,572 |
| Net Operating Income (NOI) | $1,381 | $16,572 |
| Capitalization Rate | 0.23% | 2.76% |
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