For sale · MLS® 1304440
27 Paddy Kay Drive
Paradise, NL, A1L4B2
List price
$469,900
About this propertyMLS® 1304440
Welcome to this beautiful, spacious two-apartment home offering stunning views of Octagon Pond and the islands of Conception Bay South! The main residence features a bright, open-concept living area with a spacious kitchen, large centre island, solid birch cabinetry, hardwood flooring, ceramic tile in wet areas, and elegant finishes including crown mouldings and decorative door headers. The generous primary bedroom offers a walk-in closet and ensuite, while convenient main-floor laundry adds to the home's functionality. Downstairs, you'll find a comfortable family room, half bath, and additional storage. The bright, two-bedroom above-ground apartment offers excellent potential for rental income or extended family living. Outside, enjoy a 12' x 12' patio deck with stairs leading to the fully landscaped backyard. This property offers a wonderful combination of space, comfort, and income potential! Per Sellers Direction there will be no presentation of offers prior to Tue, Oct 20th at 4pm, with any offers to remain open until 9 pm that same day. (id:56688)
Property details
Coordinates: [47.530138, -52.876448]
Rooms
| Basement | Bath (# pieces 1-6) Bath (# pieces 1-6) Laundry room Bedroom Bedroom Living room Kitchen Family room | 2 pc 4 pc 8 x 6 null 13.3 x 10.9 null 13.3 x 10.9 null 17.6 x 11.8 null 13.5 x 12.4 null 18 x 11 null |
| Main level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Porch Kitchen Living room | 4pc 4pc 9.5 x 9.5 null 9.5 x 9.5 null 17.7 x 11.8 null 8.6 x 5.6 null 17 x 12 null 18 x 13 null |
Basic Calculator
First Mortgage: $375,920
Mortgage insurance premium: $0
Total Financing: $375,920
Rough closing fee (1.5%): ~ $7,049
Total downpayment with estimated closing fee: $101,029
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,713 | $32,556 |
| Gross rental income (income/principal ratio) | 0.577% | 6.928% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $588 | $7,056 |
| Vacancy | $136 | $1,628 |
| Management Fee | $218 | $2,605 |
| Expense / Income Ratio | 21.67% | 21.67% |
| Cash Flow | $1,773 | $21,276 |
| Net Operating Income (NOI) | $1,773 | $21,276 |
| Capitalization Rate | 0.38% | 4.53% |
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