Holiday Villas II on Indian Shores is the ideal turnkey, weekly rental, vacation home and income property. The beach location, breathtaking views of the former Tiki Gardens site on the Intracoastal Waterway, and 4-night minimum rental rules all make this property a proven income producer. The architect’s open, two-bedroom, two-bathroom design is a homerun through combining the kitchen, living area, and dining room efficiently. Recent condo association renovations include - balcony, garage, and stucco repair, west roof replacement, exterior paint, and more. Completed maintenance and location directly on the beach plus large geothermal heated pool make Holiday Villas II a highly sought after vacation property by investors and guests. Elevator, stairwells, pool, and beach have secure access. Soaking up sun, gulf swims, sunset strolls, local wildlife, shops, and great restaurants will the norm. The pool amenity features bathrooms and a shower/rinse station for added convenience. For outdoor gatherings, take advantage of the grills. For your convenience, new High Efficiency washing machines (installed in 2020) are available in the coin laundry room on the same floor. You and your guests will enjoy the beauty of the Gulf beach setting. When out and about you can easily venture into the quaint Indian Shores, and its charming shops, delectable restaurants, putt-putt golf, and seabird sanctuary.
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Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
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 | $540,000 | $540,000 | $540,000 |
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 | $523 | $523 | $523 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,593 | $3,589 | $4,630 |
Total Monthly Payment | $4,208 | $4,204 | $5,245 |
* 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.