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Fantastic STR Opportunity! Per the City of North Charleston's website, there are still 5 available permits for Short-Term Rentals in District 6. What could be more appealing than a waterfront property that's 5 minutes to the airport and 10 minutes to downtown. Wake up to peaceful lake views and the sound of ducks gliding across the water in this stunning 4-bedroom, 3. 5-bath home that combines natural beauty with unbeatable convenience. Located just minutes from Park Circle and Tanger Outlets, and within walking distance to the Coliseum, Convention Center, Top Golf, Starbucks, and Rusty Bull Brewing. If you're commuting, convenient access to I-26 and I-526 puts the entire Charleston area within easy reach. Step inside to an open-concept main floor featuring 9' ceilings, elegantcrown molding, and a built-in surrounding the cozy fireplace. Large sliding glass doors lead to your private back deck/dockperfect for fishing, launching a paddleboard, or simply enjoying the serene water views. The entire top floor is a luxurious primary suite boasting panoramic lake views, a walk-in closet, dual vanity, spa-like shower, and space for a soaking tub. The second floor includes three additional bedroomsone of which serves as a second primary suite with a jacuzzi tub and private balcony overlooking the water. Several homes in this community currently operate as short-term rentals, offering an exciting opportunity for investors. With strong demand driven by the home's central location and beautiful water views, this property could make an ideal income-producing asset (buyers to verify with City of North Charleston). Take a look at current listings to see some examples of properties operating short-term rentals, and take note of the value-add opportunity in doing so. Whether you're looking for a full-time residence, a part-time retreat, or an income-producing investment, this lakeside gem checks all the boxes.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $348,000 | $348,000 | $348,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.172% | 7.154% | 6.172% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,228 | $2,313 | $2,913 |
Total Monthly Payment | $2,303 | $2,388 | $2,988 |
* 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.