Property Information

Chippingham

Type

Apartment building

Price

$ 525,000   Loan Calculator

Island

Nassau / Paradise Island, Bahamas

Address

Chippingham

Bedrooms

12

Bathrooms

6.0

Living Area

4500 sqft

Lot Area

9356 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

Located in the community of Chippingham, this 6-unit apartment complex is ideal for a savvy investor seeking to grow their real estate portfolio.

This well maintained and fully tenanted building spans of 4k sq. ft. and sits on over 9k sq. ft. of land. Each unit comprises of 2 bedrooms and 1 bathroom.

The Boyd Subdivision neighborhood is a well planned and firmly established average to middle income area with lots of multi-family developments.

Give us a call for information on its financials and to schedule a private tour.

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 : Theodore Sweeting

Name:

Theodore Sweeting