Sunridge - Income Property - Grand Bahama, Bahamas

Property Information

Sunridge

Type: Income Property
Price: $ 120,000 Loan Calculator
Island: Grand Bahama, Bahamas
Address: Sunridge
Bedrooms: 8
Bathrooms: 4.0
Living Area: 5000 sqft
Lot Area: 16800 sqft
More info: Click here

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.

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

The ultimate handy man's special!

This unit sits on half an acre and is the perfect opportunity for you to add to Freeport's revitalization. The building offers 2 one bedrooms on either end of the building and two side by side three bedroom townhouses in the centre of the building.

The building is in need of a little TLC. The two 3 bedroom units can be combined into a larger unit for family and rent the two one bedrooms or convert them into townhouses.

Great income potential.

Give us a call to arrange a viewing.

Amenities

Children Allowed
Enclosed Yard
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.

More info All properties of this realtor

Real Estate Agent : Catherine Macleay

Name:: Catherine Macleay
Phone:: 242-727-1469

Catherine MacLeay was born in Thunder Bay, Ontario, Canada July 10, 1960. (This fact alone makes her a natural for The Bahamas; July 10th is Bahamian Independence Day) Cathy, to all she meets, has a Bachelor of Arts Degree in Psychology, a Bachelor of Science Degree and a primary teaching certificate while specializing in Dyslexia. Shortly after graduating university Cathy arrived in The Bahamas to teach for the Bahamian government. That was way back in 1988. After spending 13 years in the teaching profession, Cathy decided to expand her horizons and jumped into the exciting world of real estate.

Cathy's first love is the water and has spent many an hour both on top and below the turquoise waters of The Bahamas. She swam competitively at the national and international levels in Canada for 10 years and she continued her involvement in the sport once she arrived in Freeport. She worked as an assistant coach for the Freeport Wave Runners and was asked to serve as an assistant coach for the Bahamas Games. She continues to officiate at swim meets whenever she can. She periodically is involved with Freeport YMCA. Since Cathy was a Y Rat from her swimming days, it is only fitting that she continue here in the Bahamas

While still in the Great White North, Cathy began scuba diving. Where else would one learn to dive but in the frigid waters of Lake Superior? Cathy began managing a dive store, convincing many a northerner of wonders beneath the waves. By the time she left Canada, she was working on her assistant instruction certification. However, once Cathy jumped into the tepid Bahamian seas she was converted- no more dry nor wet suits for her! A t-shirt and sunscreen was all the protection she needed from now on.

Cathy is married to David Mackey, former guitarist of the popular Bahamian group T-Connection, now owner of Mackey Media Ltd, a multi-media marketing company as well as being the leader of Freeport most popular multi- genre band, Uppercut.
They have two beautiful children, Cameron and Sierra and a menagerie of animals, Choklit Moose, the Chocolate Labrador, Nilla Puddin, the Golden Retriever as well as Whiskey Jack and Chloe, the potcats. OH YES there are tales to tell and tails to pull!

Cathy began her real estate career in 2001. After 15 years with Coldwell Banker James Sarles Realty, Cathy is thrilled to move on and become a part of the HG Christie Team, the oldest and most prestigious real estate firm in The Bahamas. Having co-brokered many sales and rentals with HG agents over the years, Cathy already felt at ease working with friends in their comfortable and stress free environment. Cathy has always been impressed by the professionalism and concern the agents of HG Christie have for their clients. She shares HG Christie's attitude and philosophy that integrity and market knowledge, above all else, are the most important aspects of selling real estate. Cathy is deeply committed to her clients, offering her full attention to all she meets. She believes in assisting her clients find the most appropriate property, no matter how long it takes. She is particularly mindful of how newcomers to The Bahamas feel - being in a new county with different customs and attitudes. She remembers her trepidations upon first stepping on these tranquil shores. In addition to assisting her clients with their purchase, she is always ready to assist in whatever her clients need – anything from finding a new hair dresser to which school or babysitter is the most appropriate for their child.

Cathy's philosophy is quite simple; you can expect nothing less than honest, ethical and professional behaviour with a sincere concern for those she meets.