Wonderful opportunity, very affordable townhouse in beautiful Championsgate community of Fountains at ChampionsGate. The Fountains is a dedicated vacation rental community for stays up to six months but does not allow full time residents so is ideal for investors. Located just minutes from the Disney Parks with all it’s attractions, including the nearby championship golf courses, swimming pool, dining, spa treatments and more. The clubhouse has a fitness center and there is a beautiful large community pool. The 1600 sq ft home comprises of 3 bedrooms/2. 5 baths and integral garage. The elegant kitchen features stainless steel appliances, granite countertops, tile backsplash, upgraded cabinetry with crown molding, a breakfast bar for seating and closet pantry. Plenty of natural light creating an open feel to the first floor which has a half bath downstairs for guests. There is plenty of room for both living and dining in the large family room with large sliding doors leading to a covered patio and private backyard. Master bedroom is located on second floor along with the 2 further bedrooms. A washer and dryer are on the second-floor landing hidden behind double doors by all of the bedrooms for convenience. Current monthly Airbnb lease at $2100.
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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 | $232,000 | $232,000 | $232,000 |
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 | $306 | $306 | $306 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,602 | $1,563 | $1,973 |
Total Monthly Payment | $1,983 | $1,944 | $2,354 |
* 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.