Bring your offers on this great investment opportunity with this income-generating rental property, featuring two separate units designed for maximum flexibility and profitability. Perfectly suited for both long-term and short term rentals, or owner occupied while renting the other. All are options. The main house 3/2 is equipped with a newer water heater, washer, and dryer, while both units boast updated refrigeration and stove, adding to the appeal for renters. The back house 2/1 offers additional peace of mind with a brand-new roof installed in March 2024, along with new fans, lighting, and a washer and dryer. Whole Property New Septic for Both in 2023. With parking space for up to six vehicles, this property provides rare convenience in a desirable location. Whether you’re looking to capitalize on the booming rental market or expand your investment portfolio, this gem is ready to generate you income. Living in San Marco feels like stepping into a charming slice of history with all the perks of modern living. This Jacksonville neighborhood is famous for its tree-lined streets and unique, historic homes that give it a special character. You’re just a short stroll from the riverfront, where you can soak up stunning views of the St. Johns River. The area is buzzing with arts and culture too, from the vintage San Marco Theatre to cool boutiques and trendy cafes. San Marco Square is the go-to spot for grabbing a bite, shopping, or just hanging out. Plus, being so close to downtown makes everything super convenient. It’s a neighborhood where tradition meets a vibrant community vibe, perfect for anyone who wants a little bit of everything.
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $411 | $411 | $411 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,060 | $3,022 | $3,879 |
Total Monthly Payment | $3,563 | $3,525 | $4,382 |
* 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.