Unlock the potential of this income-producing duplex, priced to sell well below market value! Located just a five-minute walk from some of the most beautiful beaches in the world, this property is a gem for anyone who is looking for an exceptional investment opportunity or wanting to live in paradise. Perfect for weekly rentals, this property offers a fantastic opportunity to generate consistent passive income year-round. Enjoy the convenience of nearby shopping, restaurants, and grocery stores, making it an ideal spot for both renters and owners alike.
With plans already in place for a second story, plus ample space for a pool, you can enhance the property’s value and appeal immediately. Experience the best of beachside living, where sun, sand, and surf are just steps away. Don’t miss out on this incredible opportunity to invest in a property that combines great location, income potential, and room for improvement. Schedule your showing today and make this duplex your next successful venture! *drone images were taken before recent hurricanes
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Our Executive Mortgage Banker:
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $692,400 | $692,400 | $692,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $862 | $862 | $862 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,434 | $4,491 | $6,079 |
Total Monthly Payment | $5,388 | $5,445 | $7,033 |
* 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.