Return of investment right away: $ 32. 220 as annually rental income in place!
Well maintained stucco Duplex in good neighborhood of San Carlos Park with City-water. This solid income generating investment has 2 units: a spacious 3/2 with 1, 343 sft with an enjoyable screened lanai and a single garage. The second unit is a 2/1 with a screened lanai as well. Citi water in place and assessments paid! The large driveway offers room for parking and the covered back yard is beloved by the tenants. Sitting on an elevated lot, there was never any issue with flooding! The roof was replaced late 2015, one A/C unit was renewed in 2021, the other is from 2016. Water heaters are also newer and the electrical panels have been updated in 2021. The units are rented for years to the same tenants, as they proofed to be low maintenance. The smaller unit has just renewed an annual lease, the larger unit (3/2) has been left on a month-to-month basis for more flexibility.
Both units are rented and any showing will only be performed together with the brokers office! Please respect the privacy of the tenants!
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Our Executive Mortgage Banker:
Our Insurance Division:
$580,000
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 | $464,000 | $464,000 | $464,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $395 | $395 | $395 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,205 | $3,084 | $3,978 |
Total Monthly Payment | $3,692 | $3,571 | $4,465 |
* 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.