This 2 bedroom 2 bathroom townhome offers a ton of possibilities whether you're an end-user looking for a place to call home or an investor looking for your next cash-flowing investment property. Parkwood Townhomes is a pet-friendly community with no rental restrictions and low HOA fees. The property is conveniently nestled between US 41 and Summerlin Rd right in the heart of Fort Myers and just a short drive to numerous restaurants, shopping malls, RSW International Airport, Page Field Airport, Fort Myers Beach, Sanibel Beach, downtown Fort Myers, downtown Cape Coral, and Lakes Regional Park just to name a few. Some updates include new vinyl flooring on the first floor, a brand-new roof, and Air Conditioner less than 6 months old, a new fence (2022), and all of the assessments have been paid in full by the current owner. This home exudes pride of ownership and has been meticulously maintained. You won't find a better opportunity at this price in all of SW Florida!
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Our Executive Mortgage Banker:
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$212,500
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 | $170,000 | $170,000 | $170,000 |
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 | $23 | $23 | $23 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,131 | $1,130 | $1,434 |
Total Monthly Payment | $1,229 | $1,228 | $1,532 |
* 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.