Property Information

Serenity

Loan Amortization Calculator

You can use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and annual interest rates. This can help you decide whether you can afford the repayments.

Loan Amount ($) Interest Rate (APR) Number of payments
(360 = 30 years) Submit

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

Description

Sit on the porch and enjoy ocean views and breezes from both sides of the island! Pretty Serenity Cottage enjoys a wonderful and unusual central location close to Governor's Harbour airport, with the Atlantic ocean and miles of white sand beach to the east, and with the Caribbean or leeward side to the west. Sit on the porch at sunset with your favourite beverage, or watch dawn arrive with a cup of coffee.

A great rental investment, Serenity is a compact and attractive property of 2 good sized, air conditioned bedrooms and two bathrooms with pretty island style dcor. The kitchen-dining-sitting room is open plan. Although it is perfect for anyone wanting spend lots of time on the beach and exploring the island,

Serenity has amenities- water, electric, phone, internet etc -and is barely a 1 minute drive from Governors Harbour airport.

A 10-minute drive to the south takes you to the island's capital, Governor's Harbour, with its beautiful historic homes, shops and restaurants. To the north, the little island settlement of James Cistern, a 2 minute drive, is where you can buy local fish and experience life as and with the locals. Billy's barbecue on saturday and local homecomings are very popular with locals and visitors alike! For those who love walking on the beach, there is over 3 miles of pure white sand at your disposal close by. Serenity Cottage is an excellent holiday home and rental investment.

Make an appointment and see for yourself.

Amenities

• Children Allowed
• Furnished
• Hill Top View
• Pets Welcome

Pictures / Photos

Real Estate Company : HG Christie Real Estate

Established in 1922, H.G. Christie Ltd. is the oldest and most extensive real estate service in The Bahamas and because of our consistently high level of service, we are also the exclusive affiliate in The Bahamas of Christie's Great Estates, the real estate arm of the world-renowned Christie's Auction House.

We have an incomparable collection of listings for your consideration, and we would be pleased to help you discover your own way to enjoy Elegant Island Living.

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Real Estate Agent : Angela Darville