This exceptional 2-bedroom, 2-bathroom condo presents a prime turnkey investment opportunity in a well-established community. Located on the 3rd floor, the condo is currently rented by a reliable long-term tenant paying $1, 700 per month through February 28, 2025, ensuring a steady income stream. The unit boasts modern stainless steel appliances and features a spacious living/dining room combo, perfect for comfortable living and entertaining. Both bedrooms are generously sized, enhancing the appeal of the property. Residents of the community enjoy a range of amenities, including a fitness center, a relaxing pool, a clubhouse, and tranquil, picturesque scenery. The condo's location is highly convenient, with easy access to the airport, theme parks, shopping centers, entertainment venues, and major attractions. This property offers not only a solid return on investment but also the ease of management in a stable, thriving community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$184,000
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 | $147,200 | $147,200 | $147,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $167 | $167 | $167 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,004 | $978 | $1,252 |
Total Monthly Payment | $1,246 | $1,220 | $1,494 |
* 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.