Incredible Investment Opportunity: Vacation Home + Buildable Lot in Old Homosassa! This is a rare chance to own not just one, but two addressed properties in the heart of Old Homosassa! Included in this offering is a fully renovated 2-bedroom, 1-bathroom vacation home, plus a buildable lot (10556 W Oliver St) —perfect for an additional dwelling or RV/Motorhome. The lot features an existing septic system, offering a hassle-free setup for your next project. This charming home is ready for guests, making it an ideal short-term rental with great potential for consistent cash flow. Located on a private dead-end street, the property provides a peaceful retreat for vacationers. The home features a beautifully remodeled bathroom, offering a fresh, modern look that will appeal to guests seeking comfort and style. The luxury vinyl plank flooring throughout adds a touch of elegance while being both durable and easy to maintain. Updated LED lighting and ceiling fans have been thoughtfully installed, enhancing energy efficiency and providing a bright, welcoming ambiance. Built to last, this home boasts durable HARDIE siding, fresh paint, and a standing seam metal roof, ensuring low maintenance and long-term savings. Situated near local attractions, nature parks, and waterways, it’s a magnet for visitors looking for a memorable stay in Old Homosassa. The demand for short-term rentals in this area is strong, and with nightly rates for similar homes on the rise, this property promises returns that exceed the local median income. Whether you’re looking to cash flow your vacation home, build on the adjacent lot, or both, this investment offers enormous upside with minimal upfront costs. Don’t miss out on this prime investment opportunity to capitalize on the booming vacation rental market. Secure your piece of Old Homosassa today!
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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 | $183,200 | $183,200 | $183,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $113 | $113 | $113 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,113 | $1,113 | $1,448 |
Total Monthly Payment | $1,301 | $1,301 | $1,636 |
* 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.