Here is quite an opportunity! $26500 Lease on this property provides over $20, 000 net rental income for you if you close before lease begins or will be pro-rated. Not only is this condo placed for walking to shops, restaurants and the beach, but it is also placed as an end unit with a nice lawn outside of the lanai. As you walk into this condo, you are brought into a happy Florida mood with the beautiful colors, the oh so pleasant cabinets, light colored counters, beautiful backsplash that coordinates throughout the baths and kitchen cabinets as well, including a beautiful walkin shower. Enjoy your eastern exposure on your lanai with your morning, then take the advantage of this condo being in a building that is convenient to your reserved parking, the clubhouse, pool, tennis and pickleball courts. This highly requested complex, placed in Park Shore, much requested area, offers right in the complex numerous activities including a large heated pool with lap lanes, workout center in clubhouse, library, many scheduled activities, such as typical some in party room with kitchen, card games, board games, dinners, happy hours by pool, sometimes we have had live music with dancing under the stars by the pool, movie nights, tennis, pickleball, lounge areas. There are so many places to venture to-such as Venetian Village, Mercato, endless places also in nature. Or, just walk over within a couple of blocks and have nice choices in dining and shopping. Great bike riding paths. Membership available for park on the beach at Gulf of Mexico! Listing Realtor lives in complex herself--for 30 years now and loves it!
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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 | $308,000 | $308,000 | $308,000 |
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 | $245 | $245 | $245 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,075 | $2,047 | $2,597 |
Total Monthly Payment | $2,395 | $2,367 | $2,917 |
* 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.