For sale · MLS® 1303894
87 Deborah Lynn Heights
Paradise, NL, A1L3E5
List price
$725,000
About this propertyMLS® 1303894
This gorgeous home is anything but your typical 2 apartment, generic listing. With over 1600 square feet per level, this spectacular home offers everything you can imagine for any lifestyle. Whether you are living in the open concept and ultra spacious main unit or the bright and large apartment, you will be thrilled with what this home has to offer. Want to own an executive rental property that brings in maximum rental income? This is the one to do that! The main unit, with an attached garage, includes an airtight porch, an incredibly open and bright kitchen/living/dining area, main-floor laundry, a large walk-in shower in the ensuite, a large walk-in closet in the master bedroom and even a massive basement rec room with an additional half bathroom. The lower unit is very bright, featuring above-ground windows due to the walk out basement in the rear. It also includes its own pantry area off the large kitchen, closed in porch, and a huge living room. Both bedrooms are a terrific size and this unit suits solo individuals, extra family members, or those with children with ease. The massive oversized lot allows for a spacious yard. This is a must see home, call today while you can still customize to your tastes. (id:56688)
Property details
Coordinates: [47.552421, -52.881151]
Rooms
| Basement | Not known Not known Not known Eat in kitchen Bath (# pieces 1-6) Recreation room | 11 x 9.10 null 13 x 10 null 13.7 x 20 null 20 x 19 null B2 null 15 x 18 null |
| Main level | Bedroom Bedroom Primary Bedroom Dining room Living room Kitchen | 11 x 10 null 12 x 10 null 12.6 x 13.6 null 15.2 x 11.7 null 18.10 x 14.6 null 14 x 14 null |
Basic Calculator
First Mortgage: $580,000
Mortgage insurance premium: $0
Total Financing: $580,000
Rough closing fee (1.5%): ~ $10,875
Total downpayment with estimated closing fee: $155,875
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,650 | $43,800 |
| Gross rental income (income/principal ratio) | 0.503% | 6.041% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $907 | $10,884 |
| Vacancy | $183 | $2,190 |
| Management Fee | $292 | $3,504 |
| Expense / Income Ratio | 24.85% | 24.85% |
| Cash Flow | $2,269 | $27,228 |
| Net Operating Income (NOI) | $2,269 | $27,228 |
| Capitalization Rate | 0.31% | 3.76% |
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