Welcome to your perfect Gulf front getaway, directly on Indian Rocks Beach! This delightful one-bedroom, one-bathroom beach cottage offers stunning views and is just steps from the water, allowing you to enjoy daily sunsets and the serene sounds of the waves. This property is not only a charming beach retreat but also a fantastic income opportunity. Currently renting below market rate, it generates an impressive $95k annually before expenses, making it an ideal income property for savvy investors or those looking to embrace the Florida lifestyle. Recent updates include a 2024 washer and dryer, and a 2023 AC unit for your comfort. This cottage comes fully furnished, with a brand new couch, making it move-in ready or rental-ready with ease. The freshly stained deck invites you to lounge and soak up the Florida sun while enjoying beach views. Inside, you'll find high ceilings and ceiling fans that create a spacious and airy coastal atmosphere. The open dining room and kitchen combo features a breakfast bar for additional seating, perfect for entertaining friends and family. The fully equipped kitchen ensures you have everything you need to whip up meals after a day at the beach. Across the street, enjoy a dog park and nature preserve, while local restaurants and shopping options are just a short stroll away. Don’t miss out on this incredible opportunity to own a piece of paradise on Indian Rocks Beach. Whether you're looking for a profitable investment or a place to call home, this beach cottage is the perfect choice. Schedule your viewing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,025,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $820,000 | $820,000 | $820,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.200% | 6.748% | 6.786% |
Monthly Tax Payment | $1,133 | $1,133 | $1,133 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,455 | $5,251 | $7,200 |
Total Monthly Payment | $6,713 | $6,509 | $8,458 |
* 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.