Experience the Beachfront bliss in this retro inspired FULLY furnished condo. Nestled in a sought-after beachfront community, this investment gem presents a secure and reliable opportunity for short-term rentals, with just a 3-day minimum stay. Ideal for those capitalizing on the booming rental market, this condo boasts a history free from water or wind damages, offering not just a slice of paradise but a worry-free investment. The Homeowners Association (HOA) fees cover electric, cable, water, maintenance, and building insurance, ensuring peace of mind and a truly carefree investment experience. Step into a freshly painted haven with an open-concept design that effortlessly connects living, dining, and sleeping spaces, creating an inviting atmosphere. Expansive windows allow abundant sunlight, highlighting the coastal décor. The fully equipped kitchenette features brand-new retro refrigerator, combining stylish aesthetics with modern functionality. The tile flooring, both attractive and low maintenance, stands as a testament to the condo's resilience against the elements, ensuring enduring appeal. Located securely on the first floor for easy access when needed. Whether you're seeking a short-term rental income opportunity, a vacation property, or a full-time residence with your toes in the sand, this is the answer!
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Our Executive Mortgage Banker:
Our Insurance Division:
$360,000
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 | $288,000 | $288,000 | $288,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $221 | $221 | $221 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,965 | $1,914 | $2,469 |
Total Monthly Payment | $2,261 | $2,210 | $2,765 |
* 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.