Welcome to North Hyde Park, located in the sought-after Plant School District. This charming duplex in South Tampa is set on a quaint street lined with new homes, offering a unique blend of contemporary living and urban convenience with no HOA or extra fees. With a 7% cap rate in one of the best areas in South Tampa, this is an exceptional investment, as most cap rates in this area are 5% or less. Both units, which rent for $5, 500 per unit, can be rented as Airbnbs with no restrictions. This property is perfect for someone wanting to live on one side and rent out the other. As you enter the home, you'll find a bedroom, a full bath, a garage, and a laundry room on the first floor. The second floor features an open layout with a balcony, a half bath, and a kitchen equipped with granite countertops and stainless steel appliances, perfect for entertaining and cooking simultaneously. Enjoy the views from the second-floor balcony. The third floor hosts the master bedroom with a full bath, a spare bedroom with another full bath, and beautifully tiled bathrooms. The entire home is free of carpet, featuring wood floors throughout. This new construction home ensures that everything is brand new. Additionally, it includes a one-car garage with ample storage space and room for an additional vehicle. Completion is just two weeks away.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,600,000
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 | $1,280,000 | $1,280,000 | $1,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $250 | $250 | $250 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,302 | $8,090 | $11,150 |
Total Monthly Payment | $8,677 | $8,465 | $11,525 |
* 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.