For sale · MLS® 1303347
4 Picco Drive
Paradise, NL, A1L3L4
List price
$699,000
About this propertyMLS® 1303347
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! This property will include quality modern finishes, a 200 amp panel, 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: [47.552749, -52.892358]
Rooms
| Basement | Utility room | 9.0x3.0 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Kitchen Dining room Living room | 6.2x5.6 null 10.9x12.1 null 11.9x10.4 null 6.6x10.7 null 13.4x14.0 null 11.6x14.10 null 11.4x12.6 null 13.0x17.6 null |
Basic Calculator
First Mortgage: $559,200
Mortgage insurance premium: $0
Total Financing: $559,200
Rough closing fee (1.5%): ~ $10,485
Total downpayment with estimated closing fee: $150,285
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,133 | $37,596 |
| Gross rental income (income/principal ratio) | 0.448% | 5.379% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $874 | $10,488 |
| Vacancy | $157 | $1,880 |
| Management Fee | $251 | $3,008 |
| Expense / Income Ratio | 27.90% | 27.90% |
| Cash Flow | $1,852 | $22,224 |
| Net Operating Income (NOI) | $1,852 | $22,224 |
| Capitalization Rate | 0.26% | 3.18% |
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