For sale · MLS® 1303348
4 Picco Drive
Paradise, NL, A1L3L4
List price
$750,000
About this propertyMLS® 1303348
Construction has begun and you could be calling this gorgeous property, home! Located on an oversized lot on a quiet street off St. Thomas Line, 4 Picco Drive promises executive form and function combined with timeless style and taste. The main floor boasts an open concept design that will include a shiplap accent wall with electric fireplace for the living room, and large centre island for the custom kitchen. The spacious primary bedroom includes both a walk-in closet, along with an ensuite oasis complete with a freestanding bathtub and corner shower. 2 more well appointed bedrooms and main bathroom round out the remainder of the main floor. The attached garage offers ample storage convenience! Downstairs, the large 2-bedroom apartment includes its own laundry hook up and presents the perfect opportunity for generational living, or supplementing your mortgage. This property will include quality modern finishes, a 200amp panel for the main, 100amp for the apartment, pressure treated front step and rear patio, front landscaping and asphalt driveway, as well as a rough-in for a mini-split. Situated in a family friendly neighbourhood with easy access to schools and amenities, this could be the one for you! (id:56688)
Property details
Coordinates: [47.552691, -52.892594]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Utility room | 5.8x5.8 null 10.0x8.2 null 11.10x10.0 null 11.2x8.6 null 11.0x11.3 null 9.0x3.0 null |
| Main level | Kitchen Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Dining room Living room | 11.6x14.10 null 6.2x5.6 null 11.9x10.4 null 10.9x12.1 null 6.6x10.7 null 13.4x14.0 null 11.4x12.6 null 13.0x17.6 null |
Basic Calculator
First Mortgage: $600,000
Mortgage insurance premium: $0
Total Financing: $600,000
Rough closing fee (1.5%): ~ $11,250
Total downpayment with estimated closing fee: $161,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,133 | $37,596 |
| Gross rental income (income/principal ratio) | 0.418% | 5.013% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $938 | $11,256 |
| Vacancy | $157 | $1,880 |
| Management Fee | $251 | $3,008 |
| Expense / Income Ratio | 29.94% | 29.94% |
| Cash Flow | $1,788 | $21,456 |
| Net Operating Income (NOI) | $1,788 | $21,456 |
| Capitalization Rate | 0.24% | 2.86% |
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