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Immediate day one cash flowing investment opportunity! Amazing investment opportunity in the popular Hawthrone Village Condominiums with a long-term tenant leased at market rent. This second-floor 2 Bedroom 2 Bathroom corner unit has no neighbors above you for peace and quiet and faces the beautiful tennis courts so the homeowner can enjoy tranquil and peaceful views while being conveniently located close to major employers, shops, restaurants, the Orlando International Airport and top-rated schools. The living areas and bedrooms have newer laminate floors while the kitchen and 2 full bathrooms have tile completely through for low maintenance and easy cleaning. The kitchen comes with stainless-steel appliances and a full-size washer and dryer. The living room feels extremely spacious and there is a separate dining room for formal dining nights with family and friends. The balcony is enclosed with screens so you can enjoy the amazing Florida outdoors and the bedrooms have ceiling fans with lights and large closets to store all your personal items and more. The roof was replaced in 2016 and the windows were replaced in 2011 so you won't have any issues for insurance purposes. The HOA includes many amenities with the low monthly dues including unlimited water, trash and sewer and pest control inside you home (yes you read that right) plus all exterior maintenance and landscaping is taken care of by the association. You also have access to 2 swimming pools, a clubhouse, a fitness center, and tennis courts beckoning you to indulge in leisurely pursuits. Situated near SR 528 and the Florida Turnpike, you'll have easy access to anywhere in Orlando this property is a solid choice for investors seeking an attractive yield with the opportunity to enjoy appreciation as Orlando continues to grow and evolve. All information recorded in the MLS is intended to be accurate but cannot be guaranteed. Call to schedule a personal showing!
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Our Executive Mortgage Banker:
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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 | $174,310 | $174,310 | $174,310 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $176 | $176 | $176 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,160 | $1,159 | $1,495 |
Total Monthly Payment | $1,411 | $1,410 | $1,746 |
* 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.