Excellent Investment opportunity with 8+ cap rate. (See 2023 Proforma attached) Gorgeously remodeled, this fully furnished condominium is a fantastic opportunity to own on the beach in Florida. Enjoy your morning cup of coffee or evening cocktail sitting on your private balcony overlooking Clearwater Harbor. This studio condominium has a bedroom, full bath, closet, living room and kitchen with dinette. Owners have their own laundry room and storage area. Elevators service all floors. Deep sailboat water situated next to the Clearwater Yacht Club. Stroll across the street to America’s No. 1 rated beach and watch the most amazing sunsets on Clearwater’s white sandy beach. Fish off the dock or go the short distance to several top restaurants, shops, salons and fitness centers. The Bayside Condo community offers a heated pool, outdoor barbecue, picnic area, private dock and boat slip rental if available. No leasing restrictions and no condominium approval required, which makes leasing much easier. Pets allowed. Situated on the quiet end of Clearwater Beach but within close distance to everything that Clearwater Beach has to offer. Right off the Sand Key Bridge so getting back to the mainland is easy.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$420,000
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 | $336,000 | $336,000 | $336,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $238 | $238 | $238 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,321 | $2,233 | $2,881 |
Total Monthly Payment | $2,634 | $2,546 | $3,194 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.