For sale · MLS® 1304421
70 Gallants Street
Paradise, NL, A1L4L4
List price
$439,900
About this propertyMLS® 1304421
Paradise Awaits! In Willowbanks subdivision just steps from Adam’s Pond and walking trails, this brand new, uniquely designed three bedroom split entry duplex with a one-bedroom apartment is presently under construction. There is an open living room, dining room and kitchen on the main floor as well as two bedrooms, one bathroom and laundry. The lower level contains a third bedroom and half bath. The apartment has one bedroom with an open living room, dining room and kitchen. There is also a full bathroom and laundry area. (id:56688)
Property details
Coordinates: [47.542131, -52.883603]
Rooms
| Basement | Not known Not known Not known Bedroom Bath (# pieces 1-6) Bath (# pieces 1-6) | 10 x 12 null 12 x 10 null 10 x 11 null 9.6 x 10.8 null 2 pc 4 pc |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Living room | 4 pc 10.4 x 10.8 null 12 x 11.11 null 10.8 x 14.3 null 8.9 x 14.3 null |
Basic Calculator
First Mortgage: $351,920
Mortgage insurance premium: $0
Total Financing: $351,920
Rough closing fee (1.5%): ~ $6,599
Total downpayment with estimated closing fee: $94,579
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,805 | $21,660 |
| Gross rental income (income/principal ratio) | 0.410% | 4.924% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $550 | $6,600 |
| Vacancy | $91 | $1,083 |
| Management Fee | $145 | $1,733 |
| Expense / Income Ratio | 30.47% | 30.47% |
| Cash Flow | $1,021 | $12,252 |
| Net Operating Income (NOI) | $1,021 | $12,252 |
| Capitalization Rate | 0.23% | 2.79% |
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