Under contract-accepting backup offers. Calling all investors!! The house is a 4 bedroom, 1. 5 bath 1550 sqft heated that can easily be converted to a 4/2 during the rehab process. This property is a wood frame/ vinyl siding with concrete slab foundation in need of full renovations. Property is spacious and sits on a 11, 130 sq. ft DOUBLE lot that is already split. The other lot is buildable and can be used to build a new construction or place a manufactured home on the property. You can double your investment with this super value add combo!! Property has a shingle roof that is about 5 years old. Central Air and heat units are about 6 years old. Property is on septic and city water. This property is located in the heart of Lakeland, only 2 minutes to Southeastern University and right off US-92. There are no HOA, CDD or Liens against the property. This is an Excellent fixer upper for a starter or experienced investor. This is a AS-IS CASH ONLY deal and buyer must provide POF and must be the end buyer. NO ASSIGNMENTS or OWNER FINANCING. Zero day inspections ONLY!!. Buyer must view property prior to submitting an offer. Buyer must verify all information in listing.
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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 | $103,200 | $103,200 | $103,200 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $144 | $144 | $144 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $687 | $686 | $870 |
Total Monthly Payment | $906 | $905 | $1,089 |
* 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.