Prime investment opportunity in Cotuit, Cape Cod! This spacious home offers scenic views of Lovells Pond and a strong short-term rental history, grossing around $140K annually. Perfect for gatherings, the first floor offers three versatile living areas, ideal for guests to relax and enjoy the space, along with a large entertainment area in the fully finished basement. The flexible layout includes two bedrooms upstairs, two on the main floor, and bonus rooms in the lower level, accommodating larger groups with ease. Guests are drawn to the beautiful setting, backyard access to the pond, and proximity to Cape Cod beaches, dining, and entertainment, that make this property highly desirable. Expansive outdoor areas, including a private balcony, spacious backyard, and grill space with pond views, add to the year-round appeal. Located near Osterville, Mashpee, Falmouth, and Hyannis, this home is a proven income generator in Cape Cod's booming vacation rental market, ready to elevate any investment portfolio.
Type | Description | Level |
---|---|---|
Bedroom 2 | Flooring: Wood | First |
Bedroom 3 | Flooring: Wood | Second |
Bedroom 4 | Flooring: Wood | Second |
Dining Room | First | |
Kitchen | Flooring: Tile,Stove(s): Gas | First |
Living Room | Fireplace(s): Gas | First |
Master Bedroom | Flooring: Wood | First |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $800,000 | $800,000 | $800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $461 | $461 | $461 |
H/O Insurance Payment | TBD | TBD | TBD |
Initial Principal & Interest Pmt | $4,542 | $4,926 | $6,643 |
Total Monthly Payment | $5,095 | $5,387 | $7,104 |
* 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.