**INCREDIBLE INCOME GENERATING INVESTMENT ** If you're looking to invest in a perfect beach getaway, look no further than Sunset Beach. Located just a couple of blocks from the award-winning sugar sand beach of Treasure Island, these Key West style duplex cottages offer turn-key accommodations fully furnished with everything you need for a relaxing vacation. Most importantly both units have grandfathered status as a short-term rental property. The cottages were fully renovated and remodeled in 2021, ensuring that you'll enjoy modern and comfortable accommodations. Each cottage features one bedroom and one full bathroom, a kitchen with countertops suitable for bar seating, a living room with dinette, a private back patio, outdoor shower, shared laundry room, and designated parking spot under the carport with a one car driveway. The location is perfect for beach enthusiasts, as the cottages are just blocks away from the award-winning sugar sand beach of Treasure Island, where guests can visit popular beachfront spots like Caddy's Treasure Island and the world-famous Kat'Tiki for live music and delicious food. Additionally, Sunset Beach boasts a public parking area, pavilion with showers, and a boardwalk around the end of the island that runs almost a mile over the dunes, offering guests a great place to collect seashells or simply enjoy the incredible sunsets over the Gulf of Mexico. Don't miss out on this incredible investment opportunity! They won’t last long so call today to schedule your private showing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$849,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $679,200 | $679,200 | $679,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 7.082% |
Monthly Tax Payment | $592 | $592 | $592 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,576 | $4,462 | $6,057 |
Total Monthly Payment | $5,260 | $5,146 | $6,741 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.