This premium 2-bedroom, 1. 5-bath condo in the highly sought-after Sunset Vista offers the perfect blend of modern luxury and income potential. Generating an impressive $76, 555 in rental income for 2023 and already bringing in $53, 594 from January to July of 2024, this property is not only a dream vacation retreat but also a standout investment opportunity. Perched on the sunset side of the building, the second-floor unit has been tastefully updated with new flooring, GE slate appliances, updated kitchen and bath cabinets, and a completely remodeled Jack-and-Jill bathroom. Freshly installed carpet and a brand-new washer and dryer complete this turnkey property, making it ready for immediate use or rental. Beyond its elegant interior, the condo offers partial beach views and access to a wealth of resort-style amenities. Guests and owners alike can enjoy the beachfront pool and spa, a unique children’s pool with fountains, a tiki bar, on-site café, and a fitness center. The assigned parking space and the prime location on the sugar-white sands of Treasure Island—just a short walk from the renowned John's Pass—add further appeal to this property. With its proven rental track record and robust income stream, this condo is an ideal choice for investors or anyone seeking a vacation property with strong rental revenue. Whether you manage it personally, use an off-site rental company, or take advantage of the on-site management services, this condo offers flexible options to suit your investment strategy. Sunset Vista’s strong reputation as a vacation destination ensures a steady flow of repeat guests, solidifying its potential as a long-term income generator. This condo also qualifies for potential tax benefits related to vacation rentals (see IRS Publication 527) and is an excellent option for a 1031 exchange. Don’t miss this opportunity to own a piece of paradise that delivers both personal enjoyment and financial rewards. Schedule your private showing today and discover all that this remarkable condo has to offer!
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William Raveis Real Estate
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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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $776 | $776 | $776 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,726 | $3,722 | $4,723 |
Total Monthly Payment | $4,594 | $4,590 | $5,591 |
* 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.