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Investors Delight: Dual Cottages with Ocean Proximity!** Investor Opportunity with this unique opportunity to own not one, but two delightful cottages just a stone's throw from the ocean with high income potential Perfectly suited for an astute investment, these cottages offer an abundance of potential waiting to be unlocked. **Cottage 1: Cozy Comfort Meets Coastal Charm** Step inside the first cottage, and you'll be greeted by a warm and inviting atmosphere. This one-bedroom haven features a spacious living room complete with a charming fireplace—perfect for cozy evenings spent with loved ones. The adjoining dining area is perfect for family meals while the well-appointed kitchen makes cooking a joy. Additionally, a bright den offers versatility as a home office, reading nook, or extra guest space. Imagine sipping your morning coffee on the porch, listening to the soothing sounds of the ocean breeze. **Cottage 2: Modern Living with a Beachy Vibe** The second cottage boasts an open floor plan that seamlessly connects the living room, dining area, and kitchen, creating an airy and welcoming space bathed in natural light. This one-bedroom retreat is ideal for guests or as a rental property, offering a perfect blend of comfort and style. With its contemporary design and functional layout, it provides a tranquil escape after a day spent exploring the nearby beaches. **Outdoor Bliss: Endless Possibilities Await** Both cottages are surrounded by lush greenery and landscaped gardens, providing a serene backdrop for outdoor enjoyment. Whether you envision a vibrant gathering space for summer barbecues or tranquil mornings with the sound of waves in the background, the large yard offers ample space for your creativity to flourish. This is an amazing opportunity for any investor. **Location, Location, Location!** Situated in a sought-after coastal neighborhood, these cottages are just minutes away from pristine beaches, local restaurants, and charming boutiques. Enjoy the best of ocean living, whether it’s beachcombing, surfing, or simply soaking up the sun. The area is also known for its welcoming community and family-friendly atmosphere, making it an ideal place to call home. **Investment Potential: A Smart Move!** For savvy investors, this property presents an incredible opportunity to capitalize on the growing demand for rentals in this prime coastal location. With two separate cottages, you can maximize your rental income while providing guests with a unique and memorable experience. **Don’t Miss Out!** This is more than just a property; it’s a lifestyle waiting to be embraced. Whether you’re seeking a peaceful retreat for your family or a lucrative investment opportunity, these cottages hold endless possibilities. Schedule your private showing today and step into a world of coastal charm and potential! This rare find won’t last long—make it yours before someone else does!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.750% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.865% | 6.309% |
Monthly Tax Payment | $433 | $433 | $433 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,140 | $4,665 | $6,118 |
Total Monthly Payment | $4,665 | $5,190 | $6,643 |
* 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.