STR Investor Opportunity! Seller is offering $5k credit at closing if used preferred lender who is qualified to lend Hotel Condo assets! Welcome to Crystal Palms Beach Resort, a Professionally managed condo with Strong Rental History across the street from the beach. Featured on HGTV! This unit combines the convenience of condo living with the potential for daily rental income. Estimated rental rate ranges from $250-$500/night depending on season. Great income opportunities! No minimum rental restrictions. The unit is fully furnished and includes a private washer and dryer for your guests convenience. It offers access to a heated pool, tropical landscaping, beautiful Gulf of Mexico views, as well as a private balcony overlooking Treasure Island. HOA fee includes: Cable TV, Escrow Reserves Fund, Insurance, Internet, Maintenance Exterior, Maintenance Grounds, Pest Control, Pool Maintenance, Sewer, Trash, Water and covered assigned parking. Your guests will enjoy proximity to popular spots like Treasure Island Beach, sporting venues, and top-rated restaurants. Crystal Palms Beach Resort also provides a variety of entertainment options for your guests, with nearby attractions like John's Pass—a local hub for boating, shopping, and family activities. From beachside relaxation to outdoor adventures like jet skiing, fishing, golfing, and parasailing, there's something for everyone. Additional attractions include cinemas, spas, libraries, outlet malls, museums, and even wine tours. Schedule a showing today to discover the amazing income potential!
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Our Executive Mortgage Banker:
Our Insurance Division:
$485,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $388,000 | $388,000 | $388,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | $520 | $520 | $520 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,581 | $2,581 | $3,300 |
Total Monthly Payment | $3,176 | $3,176 | $3,895 |
* 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.