For sale · MLS® 1304628
50 Stormont Street
Paradise, NL, A1L0E6
List price
$499,900
About this propertyMLS® 1304628
Welcome to 50 Stormont Street in Paradise! Located close to Adam’s Pond, this inviting two-storey home offers beautiful curb appeal with a covered front veranda, landscaped front yard and attached garage. Inside, the spacious living room features a cozy propane fireplace and flows into the dining area, creating a welcoming space for everyday living and entertaining. The kitchen offers rich wood cabinetry, stainless steel appliances, a propane stove and a centre island with seating. A mini-split adds comfort to the main living area, while a convenient powder room completes the main floor. Upstairs, the primary bedroom features a stylish accent wall and an ensuite with a walk-in shower. Additional bedrooms and a full bathroom provide space for family or guests. The basement offers additional finished space with flexibility for a rec room, home office or hobby area, along with laundry and a bathroom. Outside, enjoy the rear deck, backyard and storage shed. With its inviting living spaces and proximity to Adam’s Pond, this home is well worth a look! (id:56688)
Property details
Coordinates: [47.536286, -52.876631]
Rooms
| Basement | Storage Laundry room Bath (# pieces 1-6) Bedroom Recreation room | 8.2 X 11.10 null 7.11 X 8.4 null 4.9 X 6.10 null 13.2 X 15.6 null 13.2 X 12.10 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 5.6 X 9.6 null 9.9 X 13.4 null 11.3 X 11.8 null 6.11 X 11.10 null 18.1 X 11.8 null |
| Main level | Bath (# pieces 1-6) Kitchen Dining room Living room Foyer | 4.10 X 5.6 null 11.3 X 11.8 null 14.1 X 11.8 null 14 X 17.7 null 8.9 X 5.10 null |
Basic Calculator
First Mortgage: $399,920
Mortgage insurance premium: $0
Total Financing: $399,920
Rough closing fee (1.5%): ~ $7,499
Total downpayment with estimated closing fee: $107,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,717 | $32,604 |
| Gross rental income (income/principal ratio) | 0.544% | 6.522% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $136 | $1,631 |
| Management Fee | $218 | $2,609 |
| Expense / Income Ratio | 23.00% | 23.00% |
| Cash Flow | $1,739 | $20,868 |
| Net Operating Income (NOI) | $1,739 | $20,868 |
| Capitalization Rate | 0.35% | 4.17% |
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