This 2-bedroom, 1-bathroom manufactured home in Osteen offers an excellent opportunity for those looking to invest in a fixer-upper or create their ideal living space with some renovation. At 700 sq. ft. , the home features a functional layout with plenty of potential, though it does require some deferred maintenance. With a little vision and work, this property could become a charming home or an income-generating rental. The lot size is generous, offering space for outdoor enhancements or even potential expansion. Located in the peaceful, rural community of Osteen, you’ll enjoy the serenity of the area while still being close to essential amenities and major roadways. This is a great chance to build equity and create a property that suits your needs—whether you're a DIY enthusiast, an investor, or someone seeking an affordable home with room to grow. Don’t miss out on this opportunity to bring this home back to life! Contact me today to schedule a showing.
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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 | $79,920 | $79,920 | $79,920 |
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 | $98 | $98 | $98 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $538 | $531 | $674 |
Total Monthly Payment | $711 | $704 | $847 |
* 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.