**Exceptional Investment Opportunity** in Saint Cloud, FL, perfect for investors seeking great rental income potential. This property sits on an oversized . 34-acre lot and features two units, each with 2 bedrooms and 2 bathrooms. The roof was replaced in 2020, and the property is connected to city water and sewer. Both units include tile floors with carpeting in the bedrooms, an open-concept living area, private laundry room, backyard, and ample parking. With a potential rental income each $1, 800 each unit, this duplex offers a total monthly income of $3, 600 and an annual income of $43, 200. Located near major roads such as US-192, Florida’s Turnpike, and Narcoossee Road, the property provides easy access to Downtown Kissimmee, Downtown St. Cloud, Disneyworld, Lake Toho, The LOOP Mall, and Orlando International Airport, all within 10 to 25 minutes. The duplex next door at 3551 5th Ave is also available, presenting a rare opportunity to expand your investment portfolio. No HOA fees! Don’t miss this chance for a high-potential investment in a prime location. Call today to schedule a showing!
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William Raveis Real Estate
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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 | $380,000 | $380,000 | $380,000 |
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 | $318 | $318 | $318 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,528 | $2,496 | $3,205 |
Total Monthly Payment | $2,921 | $2,889 | $3,598 |
* 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.