Discover a unique investment opportunity in the charming Dennis Port, Massachusetts. This multi-family property offers two year-round homes on a single lot, providing a perfect blend of comfort and income potential. The larger of the two dwellings boasts two bedrooms on the main floor plus a sleeping loft with half bath. Its cozy companion features a single bedroom. Both homes are equipped with separate utilities, ensuring convenience and independence for residents or renters. This property has a proven track record of generating income during both the summer season and the quieter off-season months. Conveniently located with a 1/2 mile walk to the both the beach and the village of Dennisport with shops, restaurants and icecream. Seaview Park with Pickle Ball Courts is 1/4 mile walking distance. This property is both permitted and legal, providing peace of mind for savvy investors. Whether you're looking for a personal retreat with rental potential or a pure investment opportunity, this Dennis Port home is for you. Gross rental income for 2023 $134, 000. see listing # 22404333
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $679,920 | $679,920 | $679,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.234% | 5.930% |
Monthly Tax Payment | $185 | $185 | $185 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,807 | $4,131 | $5,646 |
Total Monthly Payment | $4,084 | $4,408 | $5,923 |
* 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.