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Welcome to your dream waterfront rental in the beautiful Indian Shores! This condo offers everything you could ever want for a relaxing and luxurious getaway. With a 3 night minimum stay, this unit offers excellent investment opportunity. The building features a huge pool perfect for soaking up the Florida sun, beach access just steps away for endless summer fun, boat slips for all your water activities, and great assigned parking space for convenience. The unit features ceramic tile through out and recent updates to the kitchen and bathroom. Nicely appointed and all furniture is included for a turnkey rental with management and cleaning in place. Great location in the building with quick access to the unit from the assigned parking space. This unit is on the second floor of the building with no elevator.
This unit had no damage from the storms, however the lower level of the building did. The association is working hard to bring all the units back quickly. The pool and laundry room are up and running. Building has a new roof, asphalt and paint in 2023. Photos are before the exterior paint color change to blue and new asphalt. At this time no special assessments have been levied. Building is exempt from SIRS and Milestone inspections. Association carries Flood and Property Insurances. Contact the Agent for more details and updates on the current restoration situation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$265,000
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 | $212,000 | $212,000 | $212,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.949% | 7.017% | 6.034% |
Monthly Tax Payment | $264 | $264 | $264 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,305 | $1,393 | $1,760 |
Total Monthly Payment | $1,644 | $1,732 | $2,099 |
* 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.