For sale · MLS® 1304125
118 Sgt Donald Lucas Drive
Paradise, NL, A1L4E1
List price
$749,900
About this propertyMLS® 1304125
Construction is underway on this beautiful 2 storey home in Paradise. Move in just in time for Christmas! This home is situated on a family friendly street with pond views from your back window. The main floor features an open concept floor plan, ideal for entertaining. The kitchen is bright and spacious, has an island with seating as well as a walk in pantry for all your storage needs. There is a cozy living room as well as bonus room which can be used for an office or playroom. There is a half bath on this floor as well. Upstairs has 3 large bedrooms including a stunning primary bedroom with ensuite and walk in closet. There is also a spacious main bathroom and second floor laundry for your convenience. The undeveloped basement is waiting for your personal touches. Located near all major amenities, walking trails, red facilities and schools. NOTE - SOME PICTURES ON THE LISTING ARE SAMPLE PICS FROM PREVIOUS BUILD (id:56688)
Property details
Coordinates: [47.519668, -52.895607]
Rooms
| Second level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 5 pcs 4 pcs 12.3 x 9.6 null 12.3 x 9.6 null 17 x 12.6 null |
| Main level | Office Not known Kitchen Dining room Living room | 11.4 x 9 null 7.4 x 7 null 10.6 x 15.10 null 7.6 x 15.10 null 12.6 x 15.10 null |
Basic Calculator
First Mortgage: $599,920
Mortgage insurance premium: $0
Total Financing: $599,920
Rough closing fee (1.5%): ~ $11,249
Total downpayment with estimated closing fee: $161,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,774 | $45,288 |
| Gross rental income (income/principal ratio) | 0.503% | 6.039% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $938 | $11,256 |
| Vacancy | $189 | $2,265 |
| Management Fee | $302 | $3,624 |
| Expense / Income Ratio | 24.85% | 24.85% |
| Cash Flow | $2,346 | $28,152 |
| Net Operating Income (NOI) | $2,346 | $28,152 |
| Capitalization Rate | 0.31% | 3.75% |
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