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Coastal rental properties are more lucrative than ever, and 7 33rd Avenue presents an exceptional opportunity to reap high-yield returns in the sought-after Isle of Palms community. This property generated $349k in revenue last year, $353k in rentals for 2023, and already over $198k in reservations for 2025. Just one block from the beach on Cameron Boulevard, this home offers breathtaking rooftop views of the Atlantic Ocean. Vacationers seeking a beachfront retreat will find the perfect blend of luxury and location. Built on a solid concrete foundation, and sold fully furnished, this property is ready to generate rental income right now and for years to come. Savvy investors will start earning immediate returns on day one without the hassle of furnishing or decorating. With its six bedrooms and 3, 800 square feet of indoor living space, this property accommodates large groups with ease where guests can enjoy privacy and comfort. There is parking for six vehicles, and an elevator accessing each floor. An additional 2, 000 square feet of rooftop deck features a wet bar, large chess set, and an incredible aerial view of the ocean and the pool below. No luxury resort-style living experience is complete without a heated swimming pool that guests can enjoy all year, especially when the ocean is a little too cold. With a complete automation system, investors can easily manage the pool's function through an app. The lush landscaping around the home is maintained with irrigation and accented by a putting green for guests to practice between rounds. After a day in the sand or on the course, guests can rinse off in the outdoor shower with hot and cold water. Sunsets and dinner prep at the outdoor kitchen are accentuated by the pavilion's Polywood fire pit, barstools, and dining set. The kitchen inside is newly remodeled, with updated countertops, stainless steel appliances, shiplap accents, and faux beams. Guests are also treated to hand painted murals by a local artist featured in the kitchen as well as outside by the pool. Further improvements include 3 custom built-in queen bunks, a tankless water heater and all new furniture in the bedrooms and living rooms. Out on the porch, you find daybed porch swings for relaxing in the ocean breeze. Don't miss this special opportunity to capitalize on the booming vacation rental market in Isle of Palms. Maximize your rental income potential with multiple streams, including short-term vacation rentals, long-term leases, or special event bookings and cater to a diverse range of guests throughout the year. With its excellent location, stunning ocean views, luxurious amenities, and proven rental income, 7 33rd Avenue is primed and ready for big time ROI. Schedule a viewing today and start earning right away.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,700,000 | $2,700,000 | $2,700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.961% | 6.613% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,844 | $17,066 | $23,150 |
Total Monthly Payment | $16,969 | $17,191 | $23,275 |
* 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.