Check out this charming North End beach cottage, our first house pick for the Cribline’s Special Vacation Edition, Hampton Roads, located at 301 45th St. in Virginia Beach.
This two (2) story single family home boasts four (4) bedrooms, three (3) full bathrooms, and over twenty one hundred (2,100) square feet of livable space. It features a gourmet kitchen with custom cabinetry, gas stove, granite counter tops, and top-of-the-line, stainless steel appliances; hardwood floors throughout house; great master bedroom with spa-like bathroom featuring his and her vanities; gas fireplace in living room; fenced private backyard with slate patio and great outdoor shower; and a two (2) car detached garage with apartment! Its location boasts North end privacy with downtown charm with easy access to Taste, Green Cat, Princess Anne Country Club, and the Virginia Beach Oceanfront’s forty (40) block bike path.
It’s just on the market, for sale by owner, for $880,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $880,000 of $176,000, the mortgage amount would be $740,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $4,200 per month. If you were to rent out the house on Airbnb, HomeAway, or FlipKey for an average of $1,000 per month, that would reduce the gross payment to $3,200 per month. After tax deductions, the net payment would be about $2,250 per month.
Happy Hunting for your charming North End beach cottage!