For sale · MLS® 1303719
5 Palmerston Drive
Paradise, NL, A1L2Y3
List price
$524,900
About this propertyMLS® 1303719
A fantastic location, detached garage with rear yard access, AND a mortgage helping apartment! 5 Palmerston Drive has it ALL! Located in the ever popular Elizabeth Park subdivision of Paradise, this home offers the opportunity for family living or the perfect addition to your investment portfolio. The main floor includes a bright living room with plenty of natural light, open concept kitchen and dining area that access the rear patio, 3 well appointed bedrooms, and main bathroom. Downstairs located a rec room and walk-in closet for the main unit that is currently be used as a fourth bedroom. The 2 bedroom apartment is spacious and well maintained. Outside, you'll find ample parking for multiple vehicles, as well as rear yard access to the detached garage, and a nicely sized backyard with deck. Located near schools, shopping, and easy highway access, this one is sure the check the boxes on your list. Arrange your viewing today! (id:56688)
Property details
Coordinates: [47.540292, -52.833042]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Porch Recreation room | 7.4x4.11 null 7.0x8.0 null 10.5x8.2 null 11.8x10.7 null 9.1x7.6 null 10.9x6.7 null 4.11x4.9 null 17.10x15.1 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Eating area Kitchen Living room Foyer | 5.7x10.1 null 8.11x12.3 null 9.0x12.3 null 13.1x10.1 null 7.2x10.1 null 10.6x10.1 null 11.5x19.0 null 7.0x4.1 null |
Basic Calculator
First Mortgage: $419,920
Mortgage insurance premium: $0
Total Financing: $419,920
Rough closing fee (1.5%): ~ $7,874
Total downpayment with estimated closing fee: $112,854
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,357 | $28,284 |
| Gross rental income (income/principal ratio) | 0.449% | 5.388% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $657 | $7,884 |
| Vacancy | $118 | $1,415 |
| Management Fee | $189 | $2,263 |
| Expense / Income Ratio | 27.87% | 27.87% |
| Cash Flow | $1,394 | $16,728 |
| Net Operating Income (NOI) | $1,394 | $16,728 |
| Capitalization Rate | 0.27% | 3.19% |
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