Welcome to Apollo 205. A nicely updated 1BR/1BA beachfront condo offering an extra-large balcony with spectacular views of Marco Beach. This turnkey property has everything you or your rental customers will need for a wonderful beach holiday. Featuring comfortable furnishings, a full kitchen, updated bathroom with walk-in shower, and a bedroom with a king size bed, Apollo 205 represents an incredible beachfront opportunity. Apollo condominiums is THE BEST investment building in Marco Island, boasting a weekly rental policy, direct beach views from spacious balconies, and a bar/restaurant (Sunset Grille) in the building. Apollo is a unique, cool, relaxing condo resort right here on beautiful Marco Island. For investors, this condo will rent year-round and deliver very attractive cash flow and total returns. Whether you want to enjoy Apollo 205 with your family and friends, or you want to own this property as an investment, this is an amazing opportunity to own a beachfront condo right here in Marco Island. Rental history for this property is available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$825,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $428 | $428 | $428 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,226 | $4,226 | $5,795 |
Total Monthly Payment | $4,746 | $4,746 | $6,315 |
* 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.