For sale · MLS® 1304670
66 Sgt Donald Lucas Drive
Paradise, NL, A1L0W8
List price
$479,000
About this propertyMLS® 1304670
2-APARTMENT !! ??Enjoy the best of both worlds with this spacious, 2 apartment home! The main unit offers an open-concept living area with kitchen, dining area and living room complete with mini split. The primary bedroom features a walk-in closet and ensuite with double sinks, two additional bedrooms, main bath, a lower level family room, bathroom/laundry and storage. The 2 bedroom apartment features an open concept layout, spacious bedrooms and a walk out entrance with above grade windows throughout. This property is ideally located within walking distance of Octagon Pond Elementary school and walking trails, with shopping just a 2 min drive away. As per sellers direction there will be no conveyance of any written offers prior to 4:00 pm on October 27th, offers are to remain open until 9:00 pm on October 27th (id:56688)
Property details
Coordinates: [47.524003, -52.894896]
Rooms
| Lower level | Bath (# pieces 1-6) Bedroom Bedroom Living room Eat in kitchen | 4 Pc null 11.5 x 8 null 12 x 10 null 17 x 11 null 11 x 9 null |
| Main level | Laundry room Recreation room Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Living room Kitchen | 2 Pc null 22.5 x 12 null 4 Pc null 15.5 x 9.5 null 10.5 x 10 null 5 Pc null 13.5 x 12 null 18 x 11 null 17 x 12 null |
Basic Calculator
First Mortgage: $383,200
Mortgage insurance premium: $0
Total Financing: $383,200
Rough closing fee (1.5%): ~ $7,185
Total downpayment with estimated closing fee: $102,985
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,861 | $34,332 |
| Gross rental income (income/principal ratio) | 0.597% | 7.167% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $599 | $7,188 |
| Vacancy | $144 | $1,717 |
| Management Fee | $229 | $2,747 |
| Expense / Income Ratio | 20.94% | 20.94% |
| Cash Flow | $1,891 | $22,692 |
| Net Operating Income (NOI) | $1,891 | $22,692 |
| Capitalization Rate | 0.39% | 4.74% |
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