Diversify your investment portfolio with this turn key opportunity to purchase a successful short vacation rental that stands out amongst the rest! This property has been curated to offer an unparalleled guest experience, and it shows through its long term success in a competitive market. The floor plan itself is phenomenal. It offers graciously appointed bedrooms, several with private ensuite baths, with multiple being located on the main floor. The living area creates a welcoming location for all to gather and overlooks the luxurious pool, spa and whimsical splash pad. The kitchen offers the same expanse that has become synonymous with the home and its offerings. The counter space is ample and custom cabinetry offers both an esthetically pleasing design that is equally as functional. The secondary bedrooms offer immersive theming that propel the property to standout among the rest. The home, sprawling lot and prime location culminate to offer you a spectacular buying experience. Not looking to invest but wish to have a property in the heart of everything? Well, this could also be the perfect home for you! Formosa Gardens is a luxurious gated community located just minutes from the Walt Disney World Resort. Its offerings are unique and impressive. The homes of this neighborhood are situated on larger lots and offer mature foliage. The overall design of the estate was one with luxury in mind from the neighborhood's inception. Whether you are looking to invest or purchase your next primary home or vacation home, this property should be on your list of must sees!
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Our Executive Mortgage Banker:
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$999,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.348% | 6.201% |
Monthly Tax Payment | $775 | $775 | $775 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,856 | $4,921 | $6,744 |
Total Monthly Payment | $5,723 | $5,788 | $7,611 |
* 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.