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Listed 1 month ago

4654 Iron Bridge Lane

Washago, Severn

$719,000

Detached|Bungalow
2 | 1 | 2
About this home

Top 5 Reasons You Will Love This Home: 1) Own a cottage that helps pay for itself with the rare opportunity to enjoy the best of both worlds, featuring a documented nine year history averaging approximately $40,000 in annual Airbnb rental income, allowing you to enjoy the cottage whenever you choose while generating meaningful income when you're away, with financial records available to qualified buyers 2) Exceptional Severn River waterfront awaits with breathtaking river views from your private dock and charming waterfront gazebo, beautifully landscaped grounds, mature perennial gardens, and expansive outdoor living spaces that create the perfect backdrop for entertaining, relaxing, and making unforgettable memories with family and friends 3) Beautifully updated four-season cottage welcomes you inside with a warm and inviting interior showcasing an updated kitchen, a cozy dining room with a fireplace, and a spectacular great room featuring soaring cathedral ceilings and walls of windows that perfectly frame the stunning waterfront views while filling the home with natural light 4) Outdoor living at its best invites you to embrace the waterfront lifestyle with boating, swimming, fishing, and endless days on the water, while multiple outdoor seating areas, a spacious deck, and the waterfront gazebo create seamless spaces for morning coffees, afternoon gatherings, and spectacular sunset evenings 5) Perfect lifestyle and investment combining the charm of a year-round family retreat with the flexibility of a weekend getaway and the proven earning potential of a successful income-producing property, offering an exceptional opportunity to enjoy cottage living while helping offset ownership costs through established rental income. 1,397 above grade sq.ft. plus a finished lower level.

Extras

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$3,550
Lot Size49.34 ft x 134 ft
mls© NumberS13566664
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,680
Property tax
$296
Heat allowance
$150
Housing costs
$4,126 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $143,800
25-yr amortization

Income needed

$127,000

gross annual household income

Payment at 4%
$3,026 / mo
Cash down
$143,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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