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Active Short Term Rental sold fully furnished generating 100, 000 dollars a year in income. All future bookings will transfer upon sale complete pass through investment at a high rate of return. This rental has many five star reviews with streamlined management already in place. This lakefront townhome has a retractable awning with a private dock and off street parking spots. The interior has light oak hardwood floors in the common areas and luxurious new carpet in the bedrooms. The open plan firstfloor is made for entertaining and enjoying life. The large kitchen has custom tile backsplashes, a breakfast bar, and lots of space for cooking. Adjacent is a half bath and a brand new stainless stackable washer and driver in the sliding door laundrycloset. The kitchen opens into a full dining room with a bar cart area, and beyond is the well-lit living area with a gas fireplace and built-in entertainment system above. Glass sliding doors open to the waterfront rear deck and porch that features a private dock. A staircase with oak treads and balustrades leads to the ensuite bedrooms above, allowing multiple guests to enjoy the house with quiet and privacy. The second story of the house has a guest bedroom with space for up to four guests and its own seating area. Its bath has loads of vanity space, a walk-in shower, and full tub with custom tiled surround. Across the hall is the large, well-lit principal bedroom that and bathroom, with its deep garden tub, which both overlook the lake. The massive third floor bedroom is more than an ensuite with a large bathroom, it's an extra dwelling space unto itself. It features a large, well-lit sitting area with sliding glass doors leading to a private balcony overlooking the lake. The townhome offers the privacy of a stand-alone residence without the maintenance, and it is located across from a large, wooded parcel. There is street parking nearby for additional guests or tenants. Lake Palmetto is a quiet, waterfront residential community but is so close to I-26 to get to downtown Charleston, or to I-526 to hop to the islands and beaches, and is walking distance to the North Charleston Coliseum. The neighborhood is a short drive to bustling Park Circle's restaurants and shops, near the North Area brewery district and up and coming Navy Yard, and is just a few minutes from the Paradiso at Mixson, a family friendly club with a large, heated saltwater pool, cabana rentals, co-working spaces, a restaurant, and regular social events. 4993 Lake Palmetto is also moments to Charleston International Airport for quick weekend getaways or incoming guests.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $452,000 | $452,000 | $452,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,820 | $2,969 | $3,784 |
Total Monthly Payment | $2,912 | $3,061 | $3,876 |
* 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.