PRICED REDUCTION. HURRICANE WINDOWS. NEWER DUPLEX BUILT IN 2022 WITH NO DAMAGES FROM THE STORMS. One unit tenanted (month to month), other unit vacant. Historic of strong and stable cashflow. PROJECTED INCOME SHOW A STRONG 9. 3% GROSS CAP RATE. WITH B Class Tenants! Tenant pays $1, 999 a month and pay for all utilities! Extremely rare to see that kind of income property on the market! LARGE UNITS on a LARGE LOT. Privacy with CANAL VIEW. Very close to country club and Golfs. The traditional Florida design speaks for itself and makes this building extremely desirable. Built in 2022 and located in front of a canal in Rotonda West Deeded restricted community. Extremely well located, 10 minutes to the beach and minutes to all shops. This duplex features 3 bedrooms/2 baths and 1 car garage on each side. Features include an open great room floor plan, large kitchen with stainless steel appliances and Granite tops, Breakfast bar, Tile floors throughout the whole unit. Builder didn't cut the corner when he built this one. Come take a look today ! Perfect for multigenerational owner/owner lives in one side or just pure INCOME PRODUCING property
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William Raveis Real Estate
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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 | $415,200 | $415,200 | $415,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $710 | $710 | $710 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,797 | $2,760 | $3,501 |
Total Monthly Payment | $3,599 | $3,562 | $4,303 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.