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Phenomenal 5th Row Beach home in North Forest Beach! Currently utilized as a thriving investment rental home with year to year average ROI of $159, 000. This fully furnished 6 bedroom, 4 bathroom coastal retreat boasts an additional loft- providing extra sleeping quarters with a full bathroom. Admire the stunning rooftop deck that overlooks the spacious green space, courtyard with barbecue area and custom in ground pool + large paver patio surround! (2018 new pool equipment) The updated kitchen displays delightful custom cabinetry, granite countertops and stainless steel appliances. Enjoy low maintenance living with luxury vinyl plank flooring throughout, not only is it easy to clean but its waterproof + scratch resistant, giving peace of mind (especially with the pool and beach right there!) Easily rinse off after the beach at your own personal outdoor shower and benefit from plenty of space for storage of beach/pool essentials right around the corner. This gorgeous turnkey home has so much to offer, the list just keeps going! Both HVAC system (2021- with yearly maintenance) insures a place to escape from the heat when you aren't enjoying the private fenced yard or direct beach access at the end of the street. This place has survived numerous hurricanes in its lifetime, likely due to how structurally sound it is-metal roof, cement block walls with brick overlay. This location is ideal! The North Forest Beach Area is perfect for heading away from the traffic and submerging in tranquility but not too far to take advantage of endless options for shopping dining and entertainment the Coligny Beach Park and Plaza offer! Whether you want to make this a short-term rental goldmine or your permanent beach residence, prepare to embrace the island life!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,792 | $10,937 | $15,189 |
| Total Monthly Payment | $10,917 | $11,062 | $15,314 |
* 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.