Are you ready to invest where you vacation? And vacation where you invest? Sailport Waterfront Suites is an excellent investment opportunity for those looking to indulge in waterfront living in Tampa. With its prime location directly on Tampa Bay, the property offers not only breathtaking views but also easy access to a variety of attractions in the Tampa Bay area. The option to rent out the fully furnished 1 bed 1 bath units on a daily, weekly, or monthly basis provides flexibility and income potential for owners. And with on-site management services available, ownership becomes hassle-free, whether you choose to manage rentals or reside in the unit full-time. The condo offers a host of desirable upgrades, including a new AC system installed 2023, a recently installed water heater, and a fully renovated shower. With these upgrades in place, it's truly an ideal option for anyone looking to make a smart investment in a comfortable and stylish living space. The property's extensive amenities, including a geothermal pool, fishing pier, BBQ grills, fire pit, sand volleyball court, fitness area, conference room, convenience store, and sun deck, cater to both residents and guests, ensuring a comfortable and enjoyable experience for all. Moreover, the inclusion of covered parking with 24-hour security adds an extra layer of convenience and peace of mind for residents and guests alike. Its proximity to Tampa International Airport, Westshore & International Malls, downtown Tampa, and nearby attractions in St. Petersburg and Clearwater beaches further enhances its appeal, making it an attractive option for both investors and those seeking a vacation or permanent residence. Overall, investing in a property like Sailport Waterfront Suites not only offers potential financial returns through rental income but also provides an opportunity for personal enjoyment with its resort-style amenities and prime waterfront location. It seems like a winning combination for those looking to invest in the Tampa Bay area.
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Our Executive Mortgage Banker:
Our Insurance Division:
$300,000
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 | $240,000 | $240,000 | $240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $255 | $255 | $255 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,597 | $1,595 | $2,024 |
Total Monthly Payment | $1,927 | $1,925 | $2,354 |
* 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.