Back on market due to buyer's financing. Two separate single family homes on one lot currently both being rented out by great tenants that generate $2400/month in rent. First home sits in front of the other and has 2 bedrooms and 1 bath and rents for $1350/month. Home overlooks a beautiful pond across the street. Kitchen has all stainless steel appliances and vinyl flooring throughout. The roof, AC and water heater were installed in 2019. Second home is a studio and generates $1050/month in rent. Features include a gorgeous kitchen with stainless steel appliances and granite counters. Other features in this home include washer and dryer hook-up, tile, and vinyl. The roof, AC and water heater were installed in 2019. Each home has separate electric meters but shares a water meter. Annual net income accounts for property management fees, insurance, taxes, repairs and maintenance. Professionaly managed by Greater Orlando Property Mangement. Leases, ledgers and income statements available by request. GOPM will be happy to continue management post sale.
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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 | $220,000 | $220,000 | $220,000 |
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 | $176 | $176 | $176 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,464 | $1,462 | $1,886 |
Total Monthly Payment | $1,715 | $1,713 | $2,137 |
* 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.