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Begin your new year with this stunning property! This multi family home is already producing income!
Located in a desirable neighborhood that’s a no flood zone, no evacuation zone! Neighborhood is quiet, centrally located close to shopping & dining & it’s 10 mins away from Clearwater beach! This property features a 3 bed 1 bath main home ready to entertain family or guest. You’ll enjoy cooking in this newly updated pristine kitchen that features shaker cabinets! New flooring was also installed this year. Head outside to it’s uniquely designed backyard for family gatherings or for guest to enjoy the Florida weather, where you’ll also see 2 attached ADU’s that have 1 bed 1 bath with its own kitchen & private entrance with a private patio, both producing steady monthly income!
This property could be an income-producing property with triplex rental potential, a “house hack” opportunity where you live on one side and rent the other, or can be multi family living at its finest with a family members living with you but they have their own private living space.
First time homeowner? Live in the main house & rent the suites! Or if you’re looking for you ideal investment property? You’ve found it! This property can be rented in full & produce an avg of $6k a month! That’s $72k annual income! This property has so many possibilities for income potential as a nightly AirBNB.
Dont miss out on this rare opportunity in beautiful Florida minutes away to our gorgeous beach!
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Our Executive Mortgage Banker:
Our Insurance Division:
$700,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $247 | $247 | $247 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,540 | $3,679 | $4,688 |
Total Monthly Payment | $3,879 | $4,018 | $5,027 |
* 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.