Seller may consider buyer concessions if made in an offer **ONE-OF-A-KIND VACATION TOWNHOME & RENTAL OPPORTUNITY!!** Regal Palms at Highland Reserve in Davenport is an AMAZING 24-HOUR GUARD GATED COMMUNITY with unbelievable *RESORT-STYLE* amenities zoned for SHORT TERM RENTALS! This 4-bedroom, 3-bath townhome comes **FULLY FURNISHED** with a BRAND NEW ROOF (2024), UPDATED A/C (2019), a MAIN FLOOR BEDROOM and POND VIEWS! The living and dining areas are light and bright with WOOD LAMINATE FLOORS and sliding glass doors out to the covered lanai. A breakfast bar for casual dining connects the space to the kitchen delivering a comfortable layout, STAINLESS STEEL APPLIANCES and pantry storage. Before heading upstairs tour the main floor junior suite with a ceiling fan and large window for great natural light. The laundry closet is just outside with a convenient stackable washer/dryer. Upstairs you will find two more guest bedrooms, full guest bath and a generous PRIMARY SUITE complete with a WALK-IN CLOSET and private en-suite bath. The Regal Palms HOA includes lawn care, basic cable, internet, pest control, valet trash, roof replacement, building exterior maintenance and plenty of parking! This year round vacation community gives owners and guests an array of amenities such as the Tropical Paradise pool area, slide, a LAZY RIVER, fitness center, Frankie Farrell's Pub & Grille, a classic style ice cream shop, a HUGE ARCADE & PLAY AREA and so much more! Located just minutes from all the popular attractions; Disney, Universal Studios, SeaWorld, Aquatica, ESPN Wide World of Sports, Highlands Reserve Golf Club, Celebration Golf Club and tons of restaurants, shops and activities. Call today for your private tour and make Capri Drive your new home away from home or income producing property!
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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 | $240,000 | $240,000 | $240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $221 | $221 | $221 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,637 | $1,595 | $2,058 |
Total Monthly Payment | $1,932 | $1,890 | $2,353 |
* 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.