Take advantage of this lowered price mobile home at a great price for living or investing. Located in the desirable of Gateway Estates Park in Homestead, this 2 bedrooms & 2 bath home is great for retirees or small family. This mobile home includes the land. You DO NOT lease you own the land . Maintenance dues are only $174. 00 monthly. Lot size is 4300 sq ft. with lots of greenery. The house has washer & dryer inside, split bedrooms, plenty of storage. Sub floor and floors have been replaced with vinyl planks. Currently rented for $1600 a month. Tenants are excellent and pay on time. Their lease is over November 2024. Showings best in the evenings or on the Weekends. Best kept investment secret in Miami! Returns could be as high as 10%. Call now for showing or more information.
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Our Executive Mortgage Banker:
Our Insurance Division:
$169,900
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 | $135,920 | $135,920 | $135,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $171 | $171 | $171 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $904 | $903 | $1,146 |
Total Monthly Payment | $1,149 | $1,148 | $1,391 |
* 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.