INCOME OPPORTUNITY!!!
Furnished 2-Bed/2-Bath Condo with vaulted ceilings in the nudist/clothing optional community of The Fountains at Paradise Lakes. Single level floorplan features studio lockout with private entrance, screened balcony, full bath, and kitchenette. Studio has 12 month tenant and main unit generating Airbnb rental and is currently being assessed for long term rental by a few prospects Main side has en-suite primary bedroom with private balcony, dual sink vanity, and walk-in shower. Kitchen has range, refrigerator, built-in microwave, dishwasher, disposal, pantry cabinet, breakfast bar and plenty of storage. Light and bright living/dining area with space to relax. Inside laundry room with full size washer/dryer and storage closet. Furnishings, and appliances. One assigned covered parking place conveys with the unit. Buyer is responsible for verifying all information and dimensions. Condo association approval of Buyer required including application, fee, background check, and membership in a recognized nudist organization. Optional membership to Paradise Lakes Resort not included in monthly condo association fee.
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Our Executive Mortgage Banker:
Our Insurance Division:
$274,500
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 | $219,600 | $219,600 | $219,600 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $283 | $283 | $283 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,461 | $1,460 | $1,883 |
Total Monthly Payment | $1,819 | $1,818 | $2,241 |
* 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.