Under contract-accepting backup offers. Location-Location-Location. This quaint property is an Investor's dream. Home is located minutes from the Beach (2 to be exact) and near to neighborhood shops, restaurants and stores. Needs some TLC and a creative eye but several New-Construction projects and Developments surrounding this neighborhood are underway. Very good opportunity for Short-Term Rental since it has minimal rental restrictions. . This property sits on 1/3 of an acre and is less than 1 mile to the beach. 2 car garage, operable by automatic opener, oversized front & rear yard space. New Dishwasher and Microwave in kitchen. 2 Bedrooms, One full bathroom in main living area and second bath off of the garage. Property also has an outdoor shower, and tool shed in the rear. 3 sided fence, with a great footprint! Loads of possibilities for this one. . Good location for primary living or investment options. All measurements are approximate, buyer to verify if important!
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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 | $319,840 | $319,840 | $319,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $122 | $122 | $122 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,995 | $1,943 | $2,528 |
Total Monthly Payment | $2,192 | $2,140 | $2,725 |
* 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.