Under contract-accepting backup offers. Great BEACH INCOME PROPERTY, close to everything in DAYTONA'S FUN ZONE! The Pier, The Peabody, The Ocean Center The Band Shell, Ocean Walk, Daytona's Lagoon, Major Hotels and the BEACH approximately 5 to 6 blocks from beach! A Diamond in the Rough this Daytona Beach Duplex has loads of possibility. Needs lots work but will be worth it. You could keep one unit as a seasonal apartment for a great get away while renting the bottom unit out while having the tenant pay your mortgage payment or rent out for a great investment. Both units are mirrored floor plans and are vacant allowing you to raise your rents. The Duplex would make a great investment property with so many possibilities to create wealth to the new owner. Your Tenants will love sitting on their screened in front porch or enjoy the side porch in the evening. Two separate meters for electric and gas with a full basement to be used for laundry (coined operated to generator more income) and additional rental of storage. The rooms in each of the units are large allowing big future. Both Units have a Living Room 14 x 12, 2 Bedrooms 10 x 12 and 12 x 12, Bathroom 6. 7 x 6. 10, Dining room 9. 8 x 9, Kitchen 6. 6 x 7, and front porch of 9. 8 x 12. 5 and a side porch partially screened. Air conditioner units are 2016. Plumbing updated in 2007. No roof permit. Large backyard with a fire pit and enclosed with a fence, which could be shortened for more driveway space. The property is walking distance to the beach which allows the Tenants to enjoy the sandy beach. Property is being sold "as is" with no removal of any items left from previous tenants. Don't wait long as this property will go fast.
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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 | $239,920 | $239,920 | $239,920 |
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 | $319 | $319 | $319 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,556 | $1,576 | $2,008 |
Total Monthly Payment | $1,950 | $1,970 | $2,402 |
* 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.