*** ATTENTION! SELLER FINANCING AVAILABLE, 2022 NET INCOME $15, 000***Discover your dream investment opportunity and retreat in the heart of Orlando at the Grove Resort! This exquisite condo hotel unit on the 5th floor offers 3 expansive bedrooms and 2 modern bathrooms and is surrounded by serene tree-lined vistas for a truly relaxing stay. Boasting 1, 396 square feet of living space, this residence invites relaxation and entertainment, featuring a screened-in balcony with beautiful views accessible from the living room. Fully furnished and equipped with stainless steel appliances, wall-mounted TVs, vinyl and tile floors, granite countertops, and a convenient washer and dryer, this unit ensures a seamless lifestyle. The primary bedroom boasts a walk-in shower, a relaxing garden tub, backlit mirrors, and a spacious walk-in closet. The HOA takes care of all utilities, making your ownership hassle-free. Delight your culinary senses at the Valencia Restaurant or satisfy your sweet cravings at the onsite coffee shop with an ice cream parlor. Maintaining your well-being is effortless at this resort with its state-of-the-art fitness center and spa, providing the perfect balance of exercise and relaxation. Indulge in the resort's game room, featuring mini-golf, arcade games, and more for entertainment and leisure. The two pools, lazy river, splash zone, and poolside bar and grill offer endless opportunities for recreation for the whole family. Conveniently located near major attractions, this condo hotel is your gateway to Orlando's popular hot spots. This property is perfect for those looking for a memorable vacation home or an investment with turn-key full-service property management on a shared revenue basis. Schedule a showing today!
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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 | $263,920 | $263,920 | $263,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $582 | $582 | $582 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,756 | $1,754 | $2,263 |
Total Monthly Payment | $2,413 | $2,411 | $2,920 |
* 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.