This property offers a fantastic opportunity for both investors and those looking to live in one unit while renting out the other. Situated on 0. 39 acres, the level, open yard is partially fenced, providing a great outdoor space. Accessible from the front porch, this main unit features a living room, a large dining area with views of the private backyard, and first-floor living options with a possible bedroom, 3/4 bath, and laundry. Upstairs, there are 4 more bedrooms, vaulted ceilings, a walk-in closet, and potential for an additional bathroom. The second unit sits on the first level, and is a one-bedroom studio with a 3/4 bath, ideal for rental income or as a guest space. The full, walkout basement has ample space for expansion, complete with plumbing, a toilet, and windows. Enjoy the wrap-around large back porch with swings, perfect for relaxation and entertaining. This property has great off street parking along with a detached 2-car garage with a second unfinished story. This property is in an ideal location, just a few miles from the beach and conveniently close to shopping, restaurants, highways, and the coast. This property combines comfort, potential, and a prime location, making it a great investment opportunity. Open house Saturday September 28th from 11 to 1.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $416,000 | $416,000 | $416,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $477 | $477 | $477 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,768 | $2,765 | $3,508 |
Total Monthly Payment | $3,337 | $3,334 | $4,077 |
* 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.