Lot 68 - As you make the turn into Naples Motorcoach Resort and marvel at all of the lush landscaping, Royal Palms and water features, you come up to the beautiful gaited entrance with an amazing water feature behind the gates and view the fabulous club house. You think of all the wonderful events you will be attending there socializing with your neighbors who have now become almost like family. You turn and head to your slice of paradise and there you see it. What a location, close to one of the satellite pools and spa and the amazing laundry room. You decided to keep your piece of paradise undeveloped for this first stay. You walk around and look at the beautiful landscaping, tiki huts, hardscapes and casitas and envision your piece of paradise. . . what is paradise for you, pavers and tiki or a hardscape? Maybe a casita and tiki. . . you take the time to determine what will fit your lifestyle best and plan for your next steps with this amazing property. You have the extra added feature of a back wall, which makes for such great privacy and more design options. After your fun filled stay you decide to put your property in the rental program while you work on your designs. The possibilities are endless. . . . you have truly arrived.
Naples Motorcoach Resort is a Class A only resort and boasts a beautiful infinity pool, hot spa, exercise room, men's and ladies saunas as well as a kitchen that owners can use. There are also two satellite pools with a hot spa, their own rest rooms and a laundry room, one of which is right by you!. We can't forget your furry best friend, the resort even has a dog park! Special note to investors, looking for a place to invest or reinvest as a 1031 exchange? Look no further, own this piece of paradise and put it into the management run rental program. The rental program administration advertises, schedules renters, collects payment including applicable taxes/fees and sends you your portion. These deeded lots are mortgage eligible and great for a quick close
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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 | $260,720 | $260,720 | $260,720 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,779 | $1,733 | $2,218 |
Total Monthly Payment | $1,854 | $1,808 | $2,293 |
* 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.