Modern Gem with Detached Studio in Orlando’s Hourglass District
Discover this fully remodeled property, ideal for first-time buyers or savvy investors, offering a brand-new roof (2024) with a 5-year warranty and a detached studio apartment for extra income potential. This home combines modern upgrades, luxurious finishes, and unbeatable location perks.
Main Home Highlights:
• 3 Bedrooms, 2 Bathrooms: Spacious split floor plan designed for modern living.
• Gourmet Kitchen: Quartz countertops, breakfast island, and brand-new stainless steel appliances (oven, fridge, dishwasher, microwave).
• Luxury Finishes: waterproof vinyl flooring, modern light fixtures, and in-unit laundry.
Detached Studio Apartment (Approx. 400 Sq Ft):
• 1 Bedroom, 1 Bathroom: Includes a full kitchen, in-unit laundry, new A/C, and private entrance.
• Income Opportunity: Perfect for long-term rental, Airbnb, or multigenerational living. Estimated combined rental income of up to $5, 000/month.
Prime Location:
• Situated in the coveted Hourglass District, just 7 minutes from Downtown Orlando.
• Surrounded by top-rated schools, SODO, hospitals, restaurants, and shops.
Additional Features:
• New Roof (2024)
• New A/C, Appliances, Flooring, Bathrooms, and Kitchen
• Move-In Ready: Start living your dream or add this property to your investment portfolio.
Don’t miss this opportunity to own a beautifully updated home with incredible income potential in one of Orlando’s most desirable areas. Schedule your tour today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 | $460,000 | $460,000 | $460,000 |
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 | $395 | $395 | $395 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,177 | $3,099 | $3,913 |
Total Monthly Payment | $3,664 | $3,586 | $4,400 |
* 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.