For sale · MLS® 1304771
67 Acharya Drive
Paradise, NL, A1L0P9
List price
$489,900
About this propertyMLS® 1304771
Welcome to 67 Acharya Drive, a beautiful, fully developed two-storey home built in 2022, offering approximately 2,400 square feet of comfortable living space in a prime, family-friendly location in Paradise. Featuring 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed layout, this home is an excellent choice for growing families, first-time buyers, or anyone looking for modern living with room to grow. The home offers plenty of space for everyday living, with a fully developed basement providing additional flexibility for a family room, recreation space, home office, or playroom. Electric baseboard heating, complemented by mini-split heat pumps, provides year-round comfort. Outside, the property sits on a 50 x 100 lot with a partially fenced backyard, offering space to relax, entertain, or enjoy time outdoors. A double driveway and attached garage provide convenient parking and additional storage. Location is another standout feature, with walking trails, ponds, playgrounds, shopping, and schools all nearby. Situated in a desirable area of Paradise, this home offers the perfect balance of comfort, convenience, and community living. If you're looking for a modern, move-in-ready home in a fantastic family-friendly neighbourhood, 67 Acharya Drive is one you won't want to miss! As per the sellers direction, offers are not to be presented prior to Wednesday October 28th at 5:00pm and left open until 10:00pm (id:56688)
Property details
Coordinates: [47.53935, -52.894229]
Rooms
| Basement | Office Recreation room | 5.6 x 8 null 19 x 24 null |
| Second level | Laundry room Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 6.6 x 9.7 null 3 PCS null 4 PCS null 11.4 x 11.8 null 9.6 x 11.4 null 12 x 17 null |
| Main level | Not known Dining room Living room Kitchen | 4.6 x 7.4 null 9.2 x 10.2 null 12.10 x 18 null 10.2 x 11 null |
Basic Calculator
First Mortgage: $391,920
Mortgage insurance premium: $0
Total Financing: $391,920
Rough closing fee (1.5%): ~ $7,349
Total downpayment with estimated closing fee: $105,329
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,667 | $32,004 |
| Gross rental income (income/principal ratio) | 0.544% | 6.533% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $613 | $7,356 |
| Vacancy | $134 | $1,601 |
| Management Fee | $214 | $2,561 |
| Expense / Income Ratio | 22.98% | 22.98% |
| Cash Flow | $1,708 | $20,496 |
| Net Operating Income (NOI) | $1,708 | $20,496 |
| Capitalization Rate | 0.35% | 4.18% |
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