This enchanting Cape style home, nestled just steps from the ocean, offers the perfect blend of comfort and style. Boasting 1985 square feet of well-appointed living space, this delightful home features 4 spacious bedrooms and 2 full bathrooms, making it ideal for both relaxing getaways and entertaining friends and family. Step inside to discover an updated kitchen, complete with stainless appliances and stylish finishes. The first floor living area is inviting and open, perfect for unwinding after a day at the beach. Venture to the second floor and be captivated by breathtaking ocean views that create a serene backdrop for relaxation. Outside, you'll be captivated by the ocean breeze that reflects the tranquil coastal lifestyle. An outdoor shower adds a touch of convenience and charm, ideal for rinsing off after a day on the sand. The property is currently generating $5, 000 per month in rental income through May, with significant potential for increased rental opportunities during the summer months. This dual-purpose gem offers the flexibility to serve as a lucrative investment property or a comfortable full-time residence. Don't miss your chance to own a slice of paradise with unparalleled water views and all the charm of the Bonnet Shores Neighborhood. Schedule your viewing today and make this coastal dream home yours!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $560 | $560 | $560 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,496 | $7,142 | $9,633 |
Total Monthly Payment | $7,181 | $7,827 | $10,318 |
* 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.