Cribline New Year Special Edition (Cont.) – What 9 Million Will Buy You in Virginia Beach
Check out this charming Nantucket estate situated on a breathtaking 4 acre deep waterfront point at 1116 Caton Dr.
This 5 bedroom, 7 bath home (over 8,000 sf) is elegantly appointed with unmatched craftsmanship and architectural details. Built by Jim Sykes, offers warm elegance and functionality. There’s also a heated pool, outdoor kitchen, tiki-bar & gas fire pit.
It’s on the market for $8,995,000. See how much this would cost per month in the Cribline Math analysis below.
Cribline Math analysis:
With 20 percent down on $8,995,000 of about $1,800,000, the mortgage would be $7,196,000. At a 4 percent interest rate fixed for 30 years, the gross payment would be about $41,850 per month. After tax deductions, the net payment would be $29,300 per month.
Happy New Year house hunting!