For sale · MLS® 1303757
51 Kemble Avenue
Paradise, NL, A1L4J1
List price
$629,900
About this propertyMLS® 1303757
Construction is about to begin for 51 Kemble Avenue in Paradise by Blueprint Homes. This 2 apt home sits on an oversized lot and has many beautiful features. There are 3 bedrooms, where the primary has an ensuite and a walk-in closet, 2 other bedrooms with closets and there is a full guest washroom, laundry and linen closet all on the main. The kitchen is bright and has loads of cabinets, a sit up island and there is a 10x12 patio just off the kitchen. The living/ dining areas are bright and have a single head mini-split. The above ground apt is spacious with a kitchen, living space, laundry closet, full washroom and 2 bedrooms with closets. This is a growing area of Paradise close to schools, shopping and walking trails nearby. (id:56688)
Property details
Coordinates: [47.550282, -52.891944]
Rooms
| Lower level | Not known Not known Not known Not known | 10.8x13.2 null 10.10x13.2 null 11.2x10.10 null 12.8x9.2 null |
| Main level | Bedroom Bedroom Primary Bedroom Dining room Kitchen Living room | 8.11x13 null 9x12.2 null 13x13 null 7.11x14.9 null 8.9x14.9 null 11.8x17.4 null |
Basic Calculator
First Mortgage: $503,920
Mortgage insurance premium: $0
Total Financing: $503,920
Rough closing fee (1.5%): ~ $9,449
Total downpayment with estimated closing fee: $135,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,406 | $28,872 |
| Gross rental income (income/principal ratio) | 0.382% | 4.584% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $788 | $9,456 |
| Vacancy | $121 | $1,444 |
| Management Fee | $193 | $2,310 |
| Expense / Income Ratio | 32.75% | 32.75% |
| Cash Flow | $1,306 | $15,672 |
| Net Operating Income (NOI) | $1,306 | $15,672 |
| Capitalization Rate | 0.21% | 2.49% |
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