Income-Producing Property for sale AS-IS. Potential Monthly Gross Income: $3, 000. NOT IN FLOOD ZONE, NO CDD, NO HOA. THIS SOLID HOME SORVIVED $140 MPH HURRICANE WIND TWICE WITH IN LAST 2 YEARS, HURRICANE 3-4 LEVEL. The property features a spacious and well-lit 2-bedroom, 1-bath house, and a 1-bedroom, 1-bath unit, previously rented to three tenants under three leases ($900, $1000, $1100). The property boasts newly renovated bathrooms, kitchen, fresh painting and flooring. It includes a modern central AC from 2022 with a warranty, and a newer water heater. An external modern laundry area with a washer/dryer is available. The one-bedroom unit is occupied with month to month tenant and 2 bdr is vacant. The property has a large fenced backyard. It's situated in a peaceful neighborhood, ideal for relaxation, within walking distance to shops, restaurants, and public transport, close to Warm Mineral Springs and a short 30-minute drive to the Gulf beaches. The property is also suitable for Airbnb, which could generate significant income. Tenant privacy is paramount; please refrain from disturbing them and visit only by appointment.
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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 | $172,000 | $172,000 | $172,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $268 | $268 | $268 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,159 | $1,143 | $1,451 |
Total Monthly Payment | $1,502 | $1,486 | $1,794 |
* 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.