Nestled in the vibrant community of New Smyrna Beach, renowned for its stunning beaches and dynamic marketplace, this property offers an exceptional opportunity for both investors and residents alike. Situated just blocks away from the bustling Canal Street, and offering a picturesque birds-eye view of the Intercoastal and Beach, this duplex epitomizes convenient coastal living at its finest. New Smyrna Beach boasts a diverse and skilled workforce, encompassing professionals from industries such as engineering, computer programming, healthcare, and financial services, providing a rich tapestry of talent and opportunity. Spanning two distinct areas - the mainland and the beachside - this property grants residents the luxury of city living while still being within close reach of the serene coastal lifestyle. Both adjoining 1/2 Duplexes can be purchased in tandem as single listing. Featuring an attractive cap rate exceeding 8%, this duplex presents a compelling investment prospect in today's market. Whether you're seeking a lucrative addition to your portfolio or a charming coastal residence, this property promises both financial rewards and an enviable lifestyle amidst the beauty of New Smyrna Beach.
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William Raveis Real Estate
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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 | $336,000 | $336,000 | $336,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | $309 | $309 | $309 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,349 | $2,264 | $2,904 |
Total Monthly Payment | $2,733 | $2,648 | $3,288 |
* 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.