Discover a unique opportunity with this exceptional 2 bedroom, 2 bathroom condominium, ideal for both investors and those seeking a new primary residence. The unit features an open-concept design, where the spacious kitchen flows seamlessly into the living room, creating an inviting space for everyday living and entertaining. The condo includes comfortable carpeting in the living room and bedrooms, while linoleum flooring in the kitchen and bathrooms ensures easy maintenance. A dedicated laundry room with a washer and dryer adds convenience to your daily routine. Located in a clean and well-maintained community, residents benefit from access to a refreshing pool and a fully-equipped fitness center. The prime location offers central convenience, with proximity to major highways, the airport, shopping centers, entertainment venues, and exciting theme parks. Currently rented to a reliable long-term tenant at $1900 monthly, this property presents a turnkey investment opportunity. The lease is set to expire on 11/23/2024, providing flexibility for future owner occupancy or continued rental income. This condo offers numerous possibilities in a highly sought-after area. Don’t miss out—schedule your showing today to explore this fantastic opportunity!
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Our Executive Mortgage Banker:
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$257,000
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 | $205,600 | $205,600 | $205,600 |
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 | $223 | $223 | $223 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,368 | $1,366 | $1,763 |
Total Monthly Payment | $1,666 | $1,664 | $2,061 |
* 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.