29 Adams Ln

While the average price per square foot in Blue Eye is approximately $150 to $235, this home is priced well below that at $134. Considering the recent renovations, this home is positioned as a great investment. It currently serves as a rental property with an average rent of $1,250 per month and has always been occupied with no more than two weeks between tenants. Whether you choose to keep it as a rental or move in yourself, this property offers great potential. It also has a large porch with a beautiful view of the lake, a feature that is becoming increasingly hard to find. This solid, stick-built home on a permanent foundation sits on three lots in a quiet neighborhood. The 1,336 sq ft residence features 2 bedrooms, 2.5 bathrooms, and recent renovations, including updated plumbing (water lines), new sheetrock, doors, flooring, and paint. Built in 1970 and updated in 2023, this home in Twin Island Heights offers a serene retreat with easy access to local amenities. Contact for more details or to schedule a viewing. The home is priced so that with a 5% down payment and a 30-year mortgage, the renter's payment will cover the debt service even at today's rates. See the example below, which includes Blue Eye tax rates and a 7.0% interest rate: Why is this the perfect investment? Blue Eye is experiencing significant growth and interest, presenting an excellent opportunity for equity appreciation. Currently, the rental payments are set to cover the debt service cost on the property, allowing you to ultimately own this property at no additional cost. See example below: Home Price: $168,000 Down Payment (5%): $8,400 Loan Amount: $159,600 Monthly Payment (P&I): $1022.60 Property Tax (0.91%): $127.40/month Insurance: $100/month Total Monthly Cost: $1250