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Beachside Townhome

106 4th Ave, Indialantic, FL 32903

Tax: $8,290/yrHOA: $550/moInsurance: ~$1,650/yr

Down Payment

20-34%20%

5%70%

Number of Co-Owners

Base Interest Rate

Weeks You Rent Out

5.0 wks personal use8 wks rented

Your Time (5.0 wks)Rental Income (8 wks)

Net Monthly Cost

$11

per month

Your Vacation Time

5.0 wks

per year

Your Upfront Cost

$47,798

Down + Closing

Monthly Payment

$1,393/mo

Before rental income

Rental Income

$2,073/wk

Net after fees

Net Monthly Cost

$11/mo

After rentals

Your Time

5.0 wks

Personal use/year

Complete Financial Breakdown

All costs split among 4 co-owners (25.0% each)

Upfront Costs (Per Owner)

Down Payment (20%)$41,450

Closing Costs:

Title Insurance (0.5%)$1,036

Doc Stamps (0.7%)$1,451

Lender Fees (1%)$2,073

Attorney, Inspection, Survey$1,788

Total Upfront$47,798

Monthly Payment (Per Owner)

Mortgage Principal + Interest$1048

Property Tax$173

HOA Fee$138

Property Insurance$34

Total Monthly$1393/mo

Total Property Costs (All Owners Combined)

Purchase Price

$829,000

Annual Taxes

$8,290

Annual Insurance

$1,650

Monthly HOA

$550

Annual Rental Summary

Based on 8 weeks rented at $2,073/week net

Annual Costs

-$16,711

Rental Income

+$16,580

Net Annual

$131

cost

Net rental income based on $500 per $200K value after ~10% booking fees, cleaning, and management.

Mortgage Payment Insurance (MPI)

Default protection powered by VIGOUR Properties

Coverage Type

Single-Defaulter

Selected

Covers 1 co-owner failing to pay

Double-Defaulter

Covers 2 co-owners failing to pay

Coverage Duration

3 months6 months12 months(1 year)

Premium Summary

Annual Premium (per owner)$111.77

Monthly Premium (per owner)$9.31/mo

Total Monthly Cost Per Owner

Base Mortgage Share$1047.97

Insurance Premium+$9.31

Total Monthly$1057.28/mo

Less than a streaming subscription for complete default protection.

MPI premiums are required when VIGOUR provides the loan. You may replace or supplement this policy with any provider you prefer.

Down Payment Tier Benefits

Higher down payments unlock better interest rates through VIGOUR

55%+-0.75%

Best rates - Prime pricing

45-54%-0.5%

Excellent rates - Preferred pricing

40-44%-0.35%

Very good rates - Standard+

35-39%-0.25%

Good rates - Standard pricing