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Excellent 3-bedroom CBS home (no HOA) with beautifully updated detached 1-bath back unit. As an investment, the property has the potential to generate up to $5, 000/month ($3, 500 main house, $1, 500 back unit). Ideal for both owner-occupants seeking additional rental income or investors. Enjoy being just 1. 5 miles from the Kravis Center, 7 minutes to the beach, and with convenient access to I-95, downtown West Palm Beach, CityPlace/Rosemary Square, and Palm Beach International Airport. Within walking distance to schools, shopping, and dining. Recent upgrades and features include a fully enclosed privacy fence throughout, a 2014 roof, a 2017 A/C system, a tankless water heater, a paved driveway, landscaping, and a front yard sprinkler system. Ideally located only half a block from Bill Moss Hillcrest Paseo Park, with walking paths, and the Palm Beach Atlantic University Marshall and Vera Lea Rinker Athletic Campus.
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$575,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $460,000 | $460,000 | $460,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $366 | $366 | $366 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,758 | $2,870 | $3,789 |
| Total Monthly Payment | $3,216 | $3,328 | $4,247 |
* 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.