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Welcome to 912 Boston Post Road in Westbrook, a versatile two-family home just 0. 4 miles from the shoreline. Imagine saving instantly on power-this property features a $50k solar system already paid in full, covering the electrical bills. The home spans 1, 977 sq. ft. across four levels: Floor 1 offers 353 sq. ft. , Floor 2 has 455 sq. ft. , Floor 3 provides 744 sq. ft. , and Floor 4 adds 425 sq. ft. Together, these create two functional living spaces that are currently available for occupancy, presenting strong rental opportunities. One side is projected to bring in about $1, 800/month, while the other could generate roughly $2, 200/month. For short-term rentals, AirDNA estimates up to $76k annually through Airbnb, adding another layer of investment appeal. Step outside to a massive backyard with room to expand, a big garage, and the comfort of heating and air conditioning already in place. With the beach just a five-minute walk down the street, this location provides a rare advantage-no need to worry about beach parking when you can simply stroll to the water. Whether used as a full-time residence, vacation retreat, or income-producing property, this home delivers exceptional potential.
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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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $400,000 | $400,000 | $400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.360% | 6.304% | 5.648% |
| Monthly Tax Payment | $252 | $252 | $252 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,271 | $2,430 | $3,242 |
| Total Monthly Payment | $2,615 | $2,774 | $3,586 |
* 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.