7 Ryan’s Lane photo 11 / 9

MLS #1288876

7 Ryan’s Lane

Bay Bulls

$3,800,000

Multi-family
Source Listing

Property Details

Unique business opportunity! Located just 20 minutes from st johns. Three separate bldgs comprising 24 residential units of 10 one bedroom and 14 two bedroom apartments approx 700-850 sq feet per unit. Some units have a loft for extra storage. All units have electric heat and some with minisplits. Designated parking for each unit, patios and or decks some with ocean views. Rental rates vary based on size of units. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$3,800,000
Down Payment - 20%$760,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$21,409

Mortgage Payment
$18,217
Property Tax
$2,692
Insurance
$150
Utilities
$350
Down Payment
$760,000
Loan Amount
$3,040,000
Total Interest
$2,425,139

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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