For sale · MLS® 1303947
84 Park Avenue
Mount Pearl, NL, A1N1J5
List price
$319,500
About this propertyMLS® 1303947
Welcome to 84 Park Avenue, a well-kept semi-detached home offering approximately 2,073 sq. ft. of finished living space across three levels. The main floor features a bright living room with hardwood flooring, a separate dining area and an updated kitchen with modern cabinetry, island seating and plenty of workspace. Upstairs you’ll find three bedrooms, an updated full bathroom and recently installed flooring, while new carpet on the stairs adds another fresh touch. The developed lower level provides valuable additional living space and flexibility for a family room, home office, playroom or workout area. A significant recent upgrade is the removal of the oil-fired furnace and conversion to electric hot-water radiation, offering comfortable, efficient heating. Outside, the home offers a double paved driveway, fenced backyard, rear deck and storage shed. Located in an established Mount Pearl neighbourhood close to schools, shopping, recreation, walking routes and major road connections, this is a spacious and practical home with a combination of updates, location and living space that should appeal to a wide range of buyers. (id:56688)
Property details
Coordinates: [47.519713, -52.788599]
Rooms
| Basement | Recreation room | 26.8 x 11.8 null |
| Second level | Bedroom Bedroom Primary Bedroom | 10.11 x 9.2 null 11.3 x 9.6 null 13 x 12.2 null |
| Main level | Kitchen Dining room Living room | 15.6 x 11 null 15.7 x 9.7 null 18.5 x 12.2 null |
Basic Calculator
First Mortgage: $255,600
Mortgage insurance premium: $0
Total Financing: $255,600
Rough closing fee (1.5%): ~ $4,793
Total downpayment with estimated closing fee: $68,693
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,281 | $27,372 |
| Gross rental income (income/principal ratio) | 0.714% | 8.567% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $400 | $4,800 |
| Vacancy | $115 | $1,369 |
| Management Fee | $183 | $2,190 |
| Expense / Income Ratio | 17.54% | 17.54% |
| Cash Flow | $1,585 | $19,020 |
| Net Operating Income (NOI) | $1,585 | $19,020 |
| Capitalization Rate | 0.50% | 5.95% |
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