Presented byTeam AFA - Southport |
Investment Opportunity: 2 Properties for the Price of 1! Welcome to "Baby Blue on the Creek w/Private Beach" - your idyllic retreat & lucrative investment property. Enjoy the best of both worlds in this high-quality home located on the peaceful creek side of Fairfield Beach Rd, w/your own private beach down and across the street, marked by a charming blue fence. Open-concept kitchen w/large island seamlessly flows into the spacious living rm, complete w/electric fireplace. Covered deck off the dining area offers stunning views of both LI Sound & Pine Creek. Terrace level boasts a beautiful patio overlooking the tranquil creek, perfect for outdoor relaxation or entertaining guests. A powder room & utility closet on the 1st flr add to the convenience of this coastal haven. The 2nd flr primary suite offers phenomenal views & a luxurious marble bath. Two additional bedrooms on this floor share a full bath, providing comfort & space for family or guests. The top floor is a retreat of its own, featuring a laundry rm, an expansive bonus room w/trundle beds for added versatility, & a rooftop sun deck - the perfect place to soak in the sunshine & enjoy panoramic views of the surrounding beauty. Experience the ultimate summer retreat where the best of coastal living unfolds before your eyes. Currently, the home is an academic rental for the next three years at $12, 000 a month, totaling $108, 000 for 9 months. This investment promises steady rental income.
Type | Description | Level |
---|---|---|
Bedroom 1 | Jack & Jill Bath,Wall/Wall Carpet | Upper |
Bedroom 2 | Jack & Jill Bath,Wall/Wall Carpet | Upper |
Family Room | Balcony/Deck,Wall/Wall Carpet,On 3rd Floor | Upper |
Kitchen | Balcony/Deck,Sliders | Main |
Living Room | Ceiling Fan,Combination Liv/Din Rm,Fireplace | Main |
Primary BR Suite | Full Bath,Wall/Wall Carpet | Upper |
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.256.3264
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William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,580,000 | $1,580,000 | $1,580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 6.032% |
Monthly Tax Payment | $1,870 | $1,870 | $1,870 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,095 | $9,857 | $13,226 |
Total Monthly Payment | $11,090 | $11,852 | $15,221 |
* 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.