Cribline New Year Special Edition (Cont.) – Waterfront 5 Bedroom, 4.5 Bath in Virginia Beach
Check out this 4,000 sf tailored waterfront brick ranch with European influence and detailed craftsmanship located at 1301 Litchfield Ct.
This home features 12+ ft ceilings, a tranquil and private landscaped lot, boat and jet ski lift and incredible 4 bedroom en Suites.
The 2nd floor has a huge walk-in expandable attic and in law suite with a private entrance.
It’s on the market for $975,000. See how much this would cost in the Cribline Math analysis below:
Cribline Math analysis:
With 20 percent down on $975,000 of $195,000, the mortgage would be $780,000. At a 4 percent interest rate fixed for 30 years, the gross payment would be $4,250 per month. If the in-law suite was rented for $1,000, the mortgage would be $3,250 per month. After tax deductions, the net payment would be $2,275 per month.
Happy New Year house hunting!