For sale · MLS® 1304873
26 Paradise Road
Paradise, NL, A1L3B2
List price
$399,900
About this propertyMLS® 1304873
Some homes just feel loved the moment you walk in, and 26 Paradise Road is one of them! Cared for by the original owners ever since it was built, this split-entry home has so much character. The hardwood floors are a real showstopper, with a beautiful inlay right in the center, and the arches, columns, and new pot lights make the living and dining room feel bright and welcoming. You'll love the kitchen with its Newfoundland slate floor, pretty backsplash and lots of cupboard space. There are two bedrooms and one full bath on the main floor and two bedrooms and one full bath downstairs - and the downstairs bath even has in-floor heat, which is a treat on those chilly mornings. Downstairs is fully developed and even features a cozy rec room wired for sound that's perfect for movie nights, plus a convenient laundry room/mudroom with a door leading outside which has a covered entrance. One of their favorite spots however, is the sunroom, which is also well supported (hot tub anyone?), and it features windows you can unlatch and a door that opens onto the steps, bringing you to the beautifully manicured backyard - what a lovely place for your morning coffee. Outside you'll find a large paved driveway, gorgeous landscaping and stonework, and a fully fenced backyard with a greenhouse and shed. The owners have also taken care of the big things: vinyl windows, shingles about 12 years old, a mini-split installed approx. six years ago, PEX plumbing throughout the majority, and a fiberglass hot water tank. Tucked into a mature, friendly Paradise neighborhood, this home is ready for its next family to make memories. Come see it for yourself! (id:56688)
Property details
Coordinates: [47.533526, -52.864601]
Rooms
| Main level | Not known Bath (# pieces 1-6) Bedroom Bedroom Dining room Kitchen Living room | 10.00 x 9.00 null 4 pcs 11.11 x 9.07 null 10.07 x 10.00 null 8.11 x 10.00 null 11.09 x 10.06 null 17.07 x 13.04 null |
| Basement | Mud room Bath (# pieces 1-6) Bedroom Bedroom Recreation room | 10.06 x 11.00 null 3 pcs 11.10 x 17.00 null 11.11 x 11.10 null 10.00 x 18.00 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,297 | $27,564 |
| Gross rental income (income/principal ratio) | 0.574% | 6.893% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $115 | $1,379 |
| Management Fee | $184 | $2,206 |
| Expense / Income Ratio | 21.77% | 21.77% |
| Cash Flow | $1,499 | $17,988 |
| Net Operating Income (NOI) | $1,499 | $17,988 |
| Capitalization Rate | 0.37% | 4.50% |
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