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This is the dream investment opportunity you've been waiting for! This well maintained and expanded ranch has a main residence, as well as two separate attached units with their own entrance and a detached garage conversion and a small office shed currently being used as a work out room with additional possibilities. The main house includes a large eat in kitchen, living room with wood burning fireplace, a formal dining space, 3 bedrooms and 2. 5 bathrooms. Each additional unit includes a living room, kitchen, and bedroom and one full bath-as well as assigned parking spaces. Currently the property enjoys usage as a very lucrative Airbnb - both are attached to the main residence and are licensed by the Town of Mt. Pleasant. Live in the cozy main house and rent out the units to pay your mortgage! A new owner may consider great opportunities for use such as a mother-in-law suite, a corporate rental, a long-term lease, home office or a business, and more. This property is located in the Harborgate Shores community, but there is no required HOA. In addition, given the ample paved parking space on both sides of the house, this property is ideal for a small business owner who wants to work from home as well. All while still having room to park a boat, trailer, and more. Fantastic opportunity to own in the heart of Mt Pleasant. This Location is less than 3 miles from Sullivan's Island where you can ride your bike to beat the beach traffic, walk to the coffee shop and workout studios, or take your golf cart and take fido to play at the park. If you prefer to get out on the water Shem Creek is an easy ride down the road or enjoy a sunset picnic at Pitt Street Bridge - all within biking (or golf carting!) distance from your new home. Not to mention a short drive to Downtown and an easy jump onto I-26 or I-526 to get to the airport with ease. With such close proximity to wonderful schools, restaurants, shopping, and more this location cannot be beat.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 6.764% | 6.581% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,239 | $6,403 | $8,643 |
Total Monthly Payment | $6,364 | $6,528 | $8,768 |
* 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.