Exceptional Investment Property Just Steps from the Ocean!!
Unlock the potential of coastal living with this stellar investment opportunity in a sought-after seaside locale. Offering a secured tenant until December 31st and promising immediate returns, this property is perfect for investors looking for stable income with minimal fuss.
This charming home, three blocks from the ocean, is a testament to modern coastal living, with 1, 284 square feet of stylish living space. It features three well-appointed bedrooms—including a ground-floor owner's suite—and two full bathrooms, ensuring comfort and convenience. Fresh updates include new interior paint and flooring that elevate the home's appeal.
Additional highlights include a newly painted exterior, a repaved driveway and backyard perfect for entertaining, a one-car garage with a brand-new door, a new roof installed in 2018, and a new HVAC system installed in July 2023. Enjoy the spacious kitchen with contemporary appliances and high vaulted ceilings that enhance the home's open feel. Best of all, no HOA fees mean more freedom for you.
Make your real estate ambitions a reality and embrace this prime investment that's not just a home but a lifestyle. Documents like the property disclosure and floor plan are available upon request. Act nowtransform this property into your personal or investment paradise today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$679,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $543,200 | $543,200 | $543,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,614 | $3,610 | $4,658 |
Total Monthly Payment | $3,706 | $3,702 | $4,750 |
* 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.