WEEKLY RENTAL - ATTENTION INVESTORS - Designer ready condo built out to the white box which means everything behind the dry wall is NEW. NEW AC HVAC system, NEW plumbing and electric throughout condo unit and building, NEW ceilings and drywall and every building (3) has a NEW roof. All that's needed is 2 new bathrooms (shower/tub, vanity, faucets and toilet), new kitchen cabinets and appliances, the quartz countertop is in the condo and can be used as it's in excellent shape, new floors in the bedroom and 1 bathroom, the rest of the condo unit has tile. Approximate average cost to finish this condo unit is between $15-25K depending the materials you want to use, there's 3 estimates to finish this unit that are available to buyer. This is an end unit, there are only 4 end units in each building, 12 in the entire community giving you more space and light. INVESTORS or anyone who wants a low maintenance condo on the quiet peaceful south end of the island behind Santini Plaza, this is the condo for you! Estero Island & Racquet Club is a hidden gem, each unit has their own private screened in lanai overlooking the widest canal on the island that goes out into the bay. Dolphins and manatee call your back yard home and you can see them from your living room. WEEKLY RENTALS are allowed making this condo an excellent investment opportunity in the hot Fort Myers Beach Market. Right down the road within a brief walking distance is CVS and 7/11, both are open for business as are several businesses in Santini Plaza. And the beautiful sugar sand beach, well it's right down the road, about a 5-7 minute walk depending how fast you walk. The famous, beautiful Lovers Key State Park is a 5 minute drive down the road. This park is so beautiful, there's walking and bike trails, there's a dog park, you can rent kayaks, canoes and paddle boards to explore the 2. 5 mile estuary where you can see dolphins, manatees, ospreys and much more in their beautiful natural surroundings, you can even have a guide lead you through this natural Florida environment, pointing out wildlife and explaining the history of the wonderful location. You can also rent beach chairs and umbrellas to enjoy a day on the pristine uninhabited (by humans) beach.
Owner/Realtor
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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 | $259,200 | $259,200 | $259,200 |
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 | $41 | $41 | $41 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,724 | $1,723 | $2,222 |
Total Monthly Payment | $1,840 | $1,839 | $2,338 |
* 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.