Best Priced Unit located on the 6th floor! Investor looking for income stream with management doing all the work then this hotel/condo is what you are looking for. Available to do AirBnb! Most sought after 6th floor unit come Fully-Furnished Turn-Key Hotel/Condo features 2 full size beds, living room with pull out sofa bed, & fully equipped kitchen. Welcome to StaySky Suites located on I-Drive in the heart of Orlando tourist corridor drawing in 16. 8 Million Visitors just on I-Drive. The resort is just walking distance to Orlando major theme attractions such as Universal Volcano Bay, Universal Studios, The Wheel at Icon Park, Restaurant Row, boutiques, nightlife, shops and easy access to Orlando International Airport and Convention center. Turn Key for investor as fee's include basic cable, water, electricity, wi-fi and all external maintenance. Stay & play as an owner can us during non-peak times up to 14 days a month. Come and enjoy the pool, jacuzzi, exercise room, video arcade, on-site restaurant, bar as well as complimentary shuttle service to theme parks, & basketball court. Enjoy your Florida getaways in the mist of the #1 Tourist destination of Orlando, FL; home to the World's tallest Starflyer, Slingshot and the World's largest Entertainment Restaurant McDonald's Excellent Rental income for someone who wants to generate rental income while utilizing the unit and generating income without doing all ethe work. Units in 2008 Sold for $196K. Orlando in 2022 had 74 Million Visitors, Ranking as the #1 US Travel Destination.
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Our Executive Mortgage Banker:
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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 | $92,799 | $92,799 | $92,799 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $92 | $92 | $92 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $610 | $617 | $783 |
Total Monthly Payment | $777 | $784 | $950 |
* 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.