**Investment Opportunity in Englewood, Florida**
Looking for a new home. Have the ability to put in drywall? This is the perfect home for you to look at. Add cabinets for the kitchen and bathrooms and check below for the property overview.
**Property Overview: **
This property in Englewood, Florida was damaged following hurricane Milton. Owners immediately cut out the drywall and insulation, and had the cabinets removed and ready for your finishing touches. The exterior of the home shows no signs of damage, paving the way for a fresh start.
**Prime Location: **
Nestled close to Beach Road, this location is perfect for those who cherish the beach lifestyle. With the beach within biking or walking distance, it’s ideal for both investors looking for a profitable Airbnb opportunity and snowbirds seeking a warm winter retreat.
**Additional Features: **
- **Potential for a Canal Access: ** Included with the property is an additional parcel that presents the exciting possibility of adding a boat dock. This parcel sits on a canal that leads to Gottfried Creek, facilitating access to the intercoastal waterways and ultimately the Gulf of Mexico.
- **Endless Outdoor Activities: ** Living here means endless opportunities for fishing, boating, and enjoying the beautiful Florida weather.
**Investment Potential: **
The combination of an excellent location and the potential for canal access makes this property a fantastic investment opportunity. Whether you wish to create a lucrative short-term rental or a personal getaway, the possibilities are endless.
Don’t miss out on this rare chance to own a piece of paradise in Englewood! For more information or to schedule a viewing, please contact us today. BRING OFFERS TODAY.
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Our Executive Mortgage Banker:
Our Insurance Division:
$525,000
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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $267 | $267 | $267 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,901 | $2,830 | $3,573 |
Total Monthly Payment | $3,260 | $3,189 | $3,932 |
* 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.