Under contract-accepting backup offers. Buyer's financing fell through. Their loss is your gain. Duplex opportunity in the heart of St Pete! Main house is a renovated two bedroom, one bath, plus large bonus flex room, featuring newer windows, flooring, kitchen appliances with dishwasher, interior washer/dryer, rear outdoor space, parking pad and one garage (detached). At the end of the shared driveway is the one bedroom, one bath apartment over the two garage bays (one for each unit). This unit needs updating, making this perfect for the savvy BRRRR investor! Roof on both units 2020. Front unit pays $2695 (lease ends 4/30) rear unit pays $1140 (month to month) plus utilites and also performs all lawn and landscaping maintenance. Current market rent as-is is $1450 (update the unit and market rent is $1700). Endless possibilities to convert the garages into additional living space. Live in one unit and rent the other using the fannie mae 5% down program or add this to your rental portfolio with a DSCR loan. This area will continue to soar based on nearness to both DTSP and the Gulf Beaches. Non-Flood. PLEASE DO NOT APPROACH DUPLEX OR TENANTS WITHOUT AN APPOINTMENT.
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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 | $432,000 | $432,000 | $432,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $508 | $508 | $508 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,802 | $2,838 | $3,616 |
Total Monthly Payment | $3,402 | $3,438 | $4,216 |
* 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.