Dream coastal getaway at 31 River Street! Nestled in the Seabrook Beach Village, this iconic two-unit opportunity offers the perfect blend of charm, comfort, and convenience. This property is ideal for investment and families alike seeking a memorable beach escape with potential side rental income. With two beautifully designed units, each featuring 2 spacious bedrooms and two bathrooms, newly remodeled kitchens with stainless steel appliances. Both units are thoughtfully equipped with in-unit laundry, ensuring you can enjoy your time by the ocean without the hassle of trips to the laundromat. Both units have spacious upper decks with sliders in both bedrooms to enjoy even more time outdoors. Plenty of off-street parking is featured, and plenty of storage for kayaks, bikes, and outdoor furniture in the full-sized shed with electricity/power. Step outside and feel the breezes as you stroll to the sandy shores just moments away. After a fun-filled day at the beach, enjoy a fire in the chiminea or sit on the patio and enjoy the wide-open views. You'll love the convenience of being within walking distance to local restaurants, shopping, and the Eastman Docks to enjoy a firework cruise, whale watching or a day of fishing followed by dinner at The Tuna Striker! This property has a successful rental history, making it a fantastic investment!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $655,920 | $655,920 | $655,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $612 | $612 | $612 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,880 | $4,200 | $5,579 |
Total Monthly Payment | $4,584 | $4,904 | $6,283 |
* 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.