For sale · MLS® 1304469
88 Trenton Drive
Paradise, NL, A1L4B8
List price
$549,900
About this propertyMLS® 1304469
Only a few lots remain in Paradise's newest subdivision, Emerald Ridge. This development is within walking distance of schools, trails, and amenities. Sitting on a deep lot with views of Octagon Pond, this contemporary two-storey, 3-bed, 2.5-bath family home features a great open-concept main-floor layout with a formal living room with access to the back patio, a half bath, a kitchen with a large island, and a separate dining room. The second floor has the primary bedroom with a spacious walk-in closet and full ensuite, a second full bath, 2 additional bedrooms and 2nd-floor laundry. Wide open basement for future development. One single-head mini-split heat pump included. 8-year LUX New Home Warranty. Purchase price includes HST with rebate back to the builder. Builder is including a $5000 HST Inc. appliance allowance and rear hydroseed landscaping as part of the asking price. Basement can be developed with an extra bedroom, rec room, and 3pc bath based on similar finishes for $35,000 plus HST. (id:56688)
Property details
Coordinates: [47.521957, -52.889629]
Rooms
| Second level | Bath (# pieces 1-6) Laundry room Bedroom Bedroom Ensuite Primary Bedroom | 4pc 9.5x5.10 null 13.3x9.5 null 13.3x10.9 null 3pc 13.4x13.10 null |
| Main level | Porch Bath (# pieces 1-6) Living room Dining room Kitchen | 12.8x 7.7 null 2pc 13.4x 13'3 null 12.8x 11.6 null 13.3x 12.8 null |
Basic Calculator
First Mortgage: $439,920
Mortgage insurance premium: $0
Total Financing: $439,920
Rough closing fee (1.5%): ~ $8,249
Total downpayment with estimated closing fee: $118,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,512 | $30,144 |
| Gross rental income (income/principal ratio) | 0.457% | 5.482% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $688 | $8,256 |
| Vacancy | $126 | $1,508 |
| Management Fee | $201 | $2,412 |
| Expense / Income Ratio | 27.39% | 27.39% |
| Cash Flow | $1,498 | $17,976 |
| Net Operating Income (NOI) | $1,498 | $17,976 |
| Capitalization Rate | 0.27% | 3.27% |
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