Multi-Family Residence Investment Opportunity! Discover this lucrative property featuring a duplex built in 2005, each unit boasting a comfortable 2 bedrooms and 1 bathroom. Additionally, a modern single-family residence constructed in 2019 with 3 bedrooms and 2 bathrooms adds to the appeal. The entire property is fully occupied, generating nearly $4, 000/month in rental income. Enjoy the convenience of tile flooring throughout every unit, eliminating the hassle of carpet maintenance. Each unit is individually metered, and the property operates on a private well and septic system. Sitting on an almost half-acre lot, there’s potential to further capitalize on the space by building another single-family residence. Ideal Location! This multi-family residence is strategically situated within a 20-mile radius of The Villages and the World Equestrian Center. Enjoy the convenience of easy access to these prominent destinations, adding an extra layer of appeal to this already lucrative investment. Explore the perfect blend of residential comfort and proximity to convenience. This investment opportunity extends beyond rental income – envision house hacking possibilities. Occupy one unit and rent out the other two, significantly offsetting your mortgage expenses. Seize the opportunity to witness its potential firsthand.
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Our Executive Mortgage Banker:
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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 | $491,920 | $491,920 | $491,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.042% | 6.276% |
Monthly Tax Payment | $442 | $442 | $442 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,314 | $3,232 | $4,148 |
Total Monthly Payment | $3,848 | $3,766 | $4,682 |
* 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.