This Point Orlando Condo Hotel has Location, location, location just a block away from International Drive with all the amenities, venues, entertainment, restaurants and shops you could ask for. There's a lot to do with Universal Studios and Disney Parks a quick drive away. You will acquire one hotel room and a one bedroom, which is adjoining. You enter 308 and you will see 2 doors: S and H. Unit S is a one-bedroom with a full kitchen and bath. The kitchen contains a full-size fridge, microwave, dishwasher, stove, washer/dryer. Your guests would enjoy a king-sized bed in the master with a tv each in the living room and bedroom. Unit H on one large room with 2 king beds, TV, kitchenette containing a mini-fridge, microwave, keurig coffee maker, sink and cabinets. Current owners benefit from the use of the hotel rental program provided. It also could be a quick getaway for the owner! The Point Resort operates as a hotel, so daily rental is allowed. There is only one restriction listed on the rental agreement when Owners choose to participate, they can place an owner reservation for a maximum of 21 days each 90 days period. Buyer should do own due diligence on rules, management options and measurements.
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$314,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $251,200 | $251,200 | $251,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $357 | $357 | $357 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,692 | $1,670 | $2,118 |
Total Monthly Payment | $2,124 | $2,102 | $2,550 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.