For sale · MLS® 1304660
274 Lanark Drive
Paradise, NL, A1L0W5
List price
$619,900
About this propertyMLS® 1304660
Welcome to 274 Lanark Drive, located in the lovely town of Paradise! This beautiful new construction home features a bright and inviting open-concept main floor, thoughtfully designed for modern living and entertaining. The upper level offers three spacious bedrooms and two bathrooms, providing comfortable living space for the whole family. The large basement offers plenty of potential for future development, allowing you to customize the space to suit your needs. Two mini-split heat pumps are included for added comfort and energy efficiency throughout the seasons. Conveniently located close to shopping, schools, recreation, and other everyday amenities, this home is a fantastic opportunity to own a brand-new property with rear yard access in a desirable family-friendly neighbourhood. (id:56688)
Property details
Coordinates: [47.536729, -52.880945]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 4 PC null 11.10 x 10.6 null 11.10 x 10.10 null 3 PC null 14.4 x 13.4 null |
| Main level | Bath (# pieces 1-6) Dining nook Living room Kitchen | 2 PC null 11.10 x 10.4 null 14.4 x 13 null 17.6 x 14.4 null |
Basic Calculator
First Mortgage: $495,920
Mortgage insurance premium: $0
Total Financing: $495,920
Rough closing fee (1.5%): ~ $9,299
Total downpayment with estimated closing fee: $133,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,770 | $33,240 |
| Gross rental income (income/principal ratio) | 0.447% | 5.362% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $775 | $9,300 |
| Vacancy | $139 | $1,662 |
| Management Fee | $222 | $2,660 |
| Expense / Income Ratio | 27.98% | 27.98% |
| Cash Flow | $1,635 | $19,620 |
| Net Operating Income (NOI) | $1,635 | $19,620 |
| Capitalization Rate | 0.26% | 3.17% |
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