For sale · MLS® 1303791
2 Tulip Boulevard
Paradise, NL, A1L4R1
List price
$519,900
About this propertyMLS® 1303791
Welcome to this beautifully designed 3-bedroom, 2.5-bathroom townhome, offering a modern layout with style, comfort and functionality in mind. The main floor features a bright and spacious open-concept kitchen, dining and living area, ideal for both everyday living and entertaining. The kitchen is highlighted by a large centre island, while patio access off the dining/living area extends your living space outdoors. Also on the main level is a convenient half bath, welcoming front entry and attached garage with direct access to the home. Upstairs, you’ll find three well-appointed bedrooms, including a spacious primary bedroom complete with walk-in closet and private ensuite. Two additional bedrooms, a full main bathroom and a laundry. The lower level offers room for future family room/bedroom, and plumbed out for a 3-piece bath. The exterior will be landscaped with paved driveway and black windows and doors, creating fantastic curb appeal. Located in a desirable area, Emerald Ridge, its in walking distance to Octagon Pond Elementary and walking trails. New construction means you can enjoy the comfort and peace of mind of a brand-new home — just move in and make it your own! Property is currently under construction. Exterior rendering and floor plans are for illustration purposes only and may be subject to change. (id:56688)
Property details
Coordinates: [47.521822, -52.891328]
Rooms
| Second level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 3PC null 4PC null 10.2x11 null 11.11x9.6 null 14.8x13.4 null |
| Other | Bath (# pieces 1-6) | 2PC null |
| Main level | Kitchen Dining nook Living room | 10x20 null 12x10 null 12x12.1 null |
Basic Calculator
First Mortgage: $415,920
Mortgage insurance premium: $0
Total Financing: $415,920
Rough closing fee (1.5%): ~ $7,799
Total downpayment with estimated closing fee: $111,779
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,470 | $29,640 |
| Gross rental income (income/principal ratio) | 0.475% | 5.701% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $650 | $7,800 |
| Vacancy | $124 | $1,482 |
| Management Fee | $198 | $2,372 |
| Expense / Income Ratio | 26.32% | 26.32% |
| Cash Flow | $1,499 | $17,988 |
| Net Operating Income (NOI) | $1,499 | $17,988 |
| Capitalization Rate | 0.29% | 3.46% |
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