Airbnb Property. This is an extremely unique property that is currently used as a very profitable Airbnb. Last year this little gem grossed $39, 744. With low maintenance costs on such a small home the ROI is amazing. This short term rental stands out among the rest with it's exquisitely decorated interior design, perfect for the local Saint Augustine/Old Florida vibe. Located about one mile from downtown Saint Augustine you are just far enough from the hustle and bustle but close enough to walk or ride a bike. All the furnishings and decor are sold with the property so you will be ready to start making money immediately. At 544 sqft, this tiny house is not so tiny, with it's 16ft ceilings and spacious upstairs bedroom you wont have to worry about feeling cramped. The couch in the living room is a pullout bed, perfect for additional guests. You also get a full kitchen equipped with everything you need to cook a meal. The bathroom is a full size bathroom with a large walk-in shower. There is a utility room attached to the property with a full size washer and dryer so you or your cleaning company can do all the cleaning/maintenance on site. This is a true turn key investment that doesn't come along very often.
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Our Executive Mortgage Banker:
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$275,000
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 | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | $150 | $150 | $150 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,464 | $1,464 | $1,871 |
Total Monthly Payment | $1,689 | $1,689 | $2,096 |
* 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.