For sale · MLS® 1304796
16 Starlight Drive
Paradise, NL, A1L0Y6
List price
$449,000
About this propertyMLS® 1304796
16 Starlight Drive, located in the picturesque and family friendly Adams Pond subdivision, is a bright, modern and well cared for home with sweeping pond views and a long list of hard to find features. Situated on an oversized greenbelt lot with southern exposure and drive-in access to the extra deep back yard, the main floor offers a spacious open living/dining/kitchen area with hardwood floors and solid wood shaker cabinets, mini split heat pump, 3 bedrooms including primary with a full enuite, walk-in closet and a two-tiered patio deck off the kitchen, ideal for entertaining. The fully developed basement features a large rec room with custom built-in bar, stone fireplace surround with electric insert, another full bath and and a bonus room ideal for a home office or guest bedroom. Completed with a 1.5 car garage big enough for your vehicle and additional storage, there is so much to appreciate about this remarkable family home strategically located near schools, walking trails, amenities and the ever-expanding Paradise Plaza. As per Sellers Directive, no offers to be conveyed to the vendor prior to 5:00PM Wednesday October 28th (id:56688)
Property details
Coordinates: [47.542085, -52.888056]
Rooms
| Main level | Bath (# pieces 1-6) Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Living room/Dining room | 3PC null 3PC null 9.9x9.5 null 9.5x9.5 null 11x12.5 null 13x13.5 null 15.8x22.3 null |
| Basement | Bath (# pieces 1-6) Recreation room | 3PC null 11.5x29 null |
Basic Calculator
First Mortgage: $359,200
Mortgage insurance premium: $0
Total Financing: $359,200
Rough closing fee (1.5%): ~ $6,735
Total downpayment with estimated closing fee: $96,535
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,228 | $26,736 |
| Gross rental income (income/principal ratio) | 0.496% | 5.955% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $562 | $6,744 |
| Vacancy | $112 | $1,337 |
| Management Fee | $179 | $2,139 |
| Expense / Income Ratio | 25.22% | 25.22% |
| Cash Flow | $1,377 | $16,524 |
| Net Operating Income (NOI) | $1,377 | $16,524 |
| Capitalization Rate | 0.31% | 3.68% |
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