This 2-bedroom, 2-bathroom condo unit is a prime investment opportunity for investors looking to capitalize on the strong rental market in Orlando. The unit is located in the desirable TradeWinds community, which offers a variety of amenities, including a community pool, fitness center, playground, and tennis courts.
The unit itself is in great condition and features ceramic tile flooring, ceiling fans, and blinds. The kitchen is equipped with a dishwasher, disposal, electric water heater, range, refrigerator, and washer/dryer. The unit also has a screened porch, which is a great place to relax and enjoy the Florida weather.
The TradeWinds community is located in the heart of Orlando, just minutes from major highways, shopping, dining, and entertainment attractions. This makes it a popular choice for renters, both those who work in the area and those who are visiting the city.
This investment property is a great opportunity for investors to generate positive cash flow and build equity over time. With its strong rental potential and convenient location, this unit is sure to be in high demand from tenants.
Contact us today to learn more about this investment opportunity!
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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 | $156,000 | $156,000 | $156,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $173 | $173 | $173 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,038 | $1,037 | $1,316 |
Total Monthly Payment | $1,286 | $1,285 | $1,564 |
* 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.