Investor alert for 2 HOMES on a prime income-producing property boasting an array of features sure to entice investors seeking a lucrative opportunity in the heart of Florida's scenic landscape. This property encompasses 5 expansive lots, providing ample space for both residential and potential future development. Nestled within this expansive land are two charming potential income-producing properties.
The first unit, a spacious 3-bedroom, 1-bathroom abode, welcomes you with a large kitchen and dining room combination, ideal for hosting gatherings and culinary adventures. A generously sized family room offers ample space for relaxation and entertainment, while a walk-in shower. Enjoy the tranquility of the front screened-in porch, perfect for unwinding after a long day or savoring the Florida sunshine. Unit #2 presents a comfortable living quarter adorned with updated tile floors throughout, creating a seamless blend of style and durability. The modernized kitchen and bathroom exude sophistication, enhanced by updated windows that flood the space with natural light. A new roof and septic system ensure peace of mind for both tenants and investors, while the charming front-screened porch invites residents to embrace outdoor living and leisure. Nestled amidst lush, well-landscaped grounds adorned with mature trees, this property exudes a serene ambiance, offering tenants a retreat from the hustle and bustle of daily life. Two carports provide convenient parking options, enhancing the property's appeal and functionality. Whether utilized for yearly rentals or short-term vacation stays, this property boasts a proven track record of high-income production, making it an enticing investment opportunity for savvy investors. Sold as-is with storm damage that has mediated. Don't miss out on this rare opportunity to own a profitable income-producing property. Schedule your viewing today and seize the chance to embark on a lucrative investment venture.
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William Raveis Real Estate
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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 | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $295 | $295 | $295 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,038 | $1,025 | $1,329 |
Total Monthly Payment | $1,408 | $1,395 | $1,699 |
* 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.